Union Mutual Fund has announced its foray into the SIF category (Specialized Investment Fund) with the launch of a new fund. In a press release, Union Mutual Fund said that it has launched Arthaya SIF (Specialized Investment Fund).
This marks Union Mutual Fund's entry into SEBI's newly introduced SIF framework, the release said.
SIFs are a new SEBI-regulated category, effective April 1, 2025. It bridges the gap between mutual funds and Portfolio Management Services (PMS). SIFs have been designed for investors with a minimum of Rs 10 lakh.
According to Union MF, its first offering, the Arthaya equity long short fund, will open for subscription on May 4. The subscription will conclude on May 18, 2026.
Union Mutual Fund said that the new scheme aims to generate returns across market cycles through a mix of long equity positions with selective short exposure through derivatives.
"Arthaya SIF is our effort to address this gap. With the Equity Long Short strategy, we are introducing a framework that allows portfolios to respond to markets, not just participate in them," Madhu Nair, CEO of Union AMC, said.
