MFs set the ball rolling to enter specialised investment fund arena

At least seven AMCs planning entry into this new product segment this year

Mutual funds (MFs) are gearing up to venture into specialised investment funds (SIFs) even as more clarity is awaited around key guidelines and the application form.

 

Several prominent asset management companies (AMCs), ranging from large- to mid-sized players such as Nippon India, Axis, Mirae Asset, Edelweiss, and Union, have revealed plans to introduce products in this emerging space.

 

The list of AMCs eyeing SIF foray also includes ICICI Prudential and DSP. Collectively, these firms oversee nearly ₹23 trillion in assets.

 

AMCs are at varying stages of preparation for this new vertical.

 

"At Edelweiss MF, our robust in-house research and investment