Mumbai, Sept. 29 -- Specialized investment funds (SIFs), a new category launched by the Securities and Exchange Board of India (Sebi), are designed to allow investors to gain exposure to long-short strategies, which are not available in the mutual fund space. The minimum investment is Rs.10 lakh.

Of the 33 SIFs launched to date, 11 are hybrid long-short funds, which must invest at least 25% each in equity and equity-related instruments and debt, and can take short positions of up to 25% of net assets. They managed over Rs.19,000 crore of investor assets, about 63% of the total SIF assets under management (AUM) as of 31 August 2026, according to data from SIF360.com.

Edelweiss's Altiva Hybrid Long-Short Fund is aimed at investors seeking...