Union Mutual Fund Enters into SIF Segment with the Launch of Arthaya SIF Platform

Union Asset Management Company (Union AMC) has launched Arthaya SIF, a new platform under Union Mutual Fund, entering the Specialised Investment Fund (SIF) segment.  

The platform will offer actively managed strategies across equity, hybrid and fixed income categories. The launch expands the fund house’s product set beyond traditional mutual fund schemes. 

SIF Framework and Regulatory Backdrop 

SIFs are a new category introduced by the Securities and Exchange Board of India (SEBI) to sit between mutual funds and portfolio management services (PMS) or alternative investment funds (AIFs).  

Investors are required to commit a minimum of ₹10 lakh. SEBI has permitted seven strategies across equity, debt and hybrid asset classes, with greater portfolio flexibility under a regulated structure. 

Investment Approach and Portfolio Construction 

Union AMC said Arthaya SIF will use outcome-oriented investment approaches, with active management and defined risk parameters.  

The platform is intended to complement existing mutual fund allocations rather than replace them, providing additional options for portfolio construction and customised asset allocation. 

Leadership and Execution Responsibilities 

Rajesh Aynor has been appointed Investment Lead for the SIF platform. He has more than 20 years of experience managing tactical, hybrid and long–short strategies across market cycles. He will be responsible for investment strategy design and execution for Arthaya SIF. 

Madhu Nair, Chief Executive Officer of Union AMC, said the SIF framework allows the fund house to design strategies aligned with specific investment objectives.  

Chief Investment Officer Harshad Patwardhan said the platform extends the firm’s existing investment framework while allowing more adaptive execution. 

Strategy Rollout and Approvals 

Union AMC plans to introduce multiple strategies under Arthaya SIF over time, subject to regulatory approvals. The first strategy is expected to be launched at a later date once approvals are in place. 

Read More: Specialised Investment Funds See ₹1,933 Crore Inflows in December; Passive Funds Hit Record AUM! 

Conclusion 

The launch of Arthaya SIF is Union Mutual Fund’s entry into the SIF category, which offers a regulated structure with greater portfolio flexibility. The platform adds another investment structure to the fund house’s offerings, with further strategies planned as approvals are obtained. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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