Union AMC announces foray into SIF space with launch of Arthaya SIF

Union AMC has appointed Rajesh Aynor as Investment Lead for the SIF business.

• Union AMC launches Arthaya SIF, expanding beyond traditional mutual funds
• Arthaya SIF offers actively managed equity, hybrid, and fixed income strategies
• Minimum investment for SIFs is Rs 10 lakh, with flexible portfolio management

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Union Asset Management Company (Union AMC) has entered the Specialized Investment Fund (SIF) segment with the launch of Arthaya SIF, a new investment platform under Union Mutual Fund.

According to Union AMC, Arthaya SIF will offer actively managed strategies across equity, hybrid and fixed income categories, with an emphasis on portfolio construction and risk management. The platform is intended to complement existing investment allocations rather than replace conventional mutual fund products. Union AMC has appointed Rajesh Aynor as Investment Lead for the SIF business. Aynor has over 20 years of experience managing tactical, hybrid and long-short strategies across market cycles.

In a release, Madhu Nair, Chief Executive Officer of Union AMC, said the SIF framework allows the fund house greater flexibility in designing strategies aligned to specific investment objectives. He added that the platform reflects the company’s broader approach to purpose-led investing.

The fund house said Arthaya SIF will roll out multiple strategies over time, subject to regulatory approvals.

SIFs are a new class of investment products introduced by SEBI to bridge the gap between traditional mutual funds and portfolio management services. These funds are open to investors committing a minimum investment of Rs 10 lakh and offer fund managers greater flexibility in portfolio construction, while retaining regulatory oversight and investor protection.

At present, SEBI has permitted seven investment strategies across equity, debt and hybrid asset classes under the SIF framework.