DSP Mutual Fund announces the launch of Endurance SIF

DSP is the latest AMC to announce SEBI approval for its SIF. Other players include ITI, Edelweiss, Mirae Asset MF and SBI.

DSP Mutual Fund has announced the launch of its latest offering, Specialised Investment Fund under the brandname of Endurance SIF.

"The product aims to apply first principles of investing and risk management to offer absolute returns approach to investors and help them stay invested for long so that they reap the advantage of compounding," said Kalpen Parekh, MD & CEO of DSP Mutual Fund in a release.

DSP is the latest AMC to announce SEBI approval for its SIF. Other players include ITI, Edelweiss, Mirae Asset MF and SBI. Major names like Nippon, Axis MF and HDFC AMC are also believed to be in the process of applying and receiving their license.

What Is a SIF?

The Specialized Investment Fund (SIF) is a new category of investment product introduced by SEBI to bridge the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). The regulator believes that while over the years, India’s financial market has witnessed an expansion in investment products with varying degrees of risk, complexity, and regulatory oversight, a gap exists between mutual funds and PMS. SIFs aim to provide a middle ground, offering portfolio flexibility while ensuring regulatory compliance and investor protection. Unlike PMS and AIFs, which cater to wealthy individuals with minimum investment thresholds of Rs 50 lakh and Rs 1 crore respectively, SIFs lower the bar to Rs 10 lakh—drawing in mass affluent investors who may be seeking more than just traditional mutual fund products.

The regulator had originally presented the idea of a new asset class in a consultation paper in July 2024.

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