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Specialised investment funds: flows, assets and strategies
SIFs managed ₹31,175 cr at the end of Aug 2026. Net inflows were ₹7,699 cr in the month. Compare equity, debt and hybrid strategies, and follow the monthly record from Oct 2025.
Written for readers following India's specialised investment fund industry. SIF data to 31 Aug 2026.
The SIF industry
Reported assets and activity for Aug 2026. AUM is a month-end stock; subscriptions and redemptions are flows during the month.
Assets managed by specialised investment funds
Month-end AUM, from the first AMFI SIF monthly report.
How to read it. Assets rise with net subscriptions, valuation changes and other adjustments. AUM growth is not a strategy return.
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How much money is entering SIFs?
Net flow equals gross subscriptions less redemptions. Separate the new money arriving from money being withdrawn.
SIF inflows and redemptions by month
INR crore, each calendar month's reported activity.
How to read it. A large gross inflow can coexist with a much smaller net inflow when redemptions are high. Net flows include subscriptions to newly launched schemes.
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Where SIF net inflows went
AMFI's three investment strategy groups.
How to read it. Compare which strategy groups attracted subscriptions after redemptions. Zero is shown only when AMFI reports zero; missing reports remain gaps.
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How much came through new schemes?
AMFI's new-scheme report records 3 schemes completing allotment in Aug 2026, collecting ₹1,420 cr. These launch collections are separate from net industry flows, which also deduct redemptions.
Reported launch collections alongside total subscriptions
Launches whose allotment completed in the month; source totals are sometimes rounded to whole crores.
How to read it. The comparison shows the scale of launch collections. Allotment and subscription timing can differ, so the difference is not an exact flow into existing schemes.
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For Aug 2026, reported launch collections were 17.6% of gross subscriptions. This is an indicative ratio; it does not identify which investors subscribed or measure investment returns.
| Strategy category | New schemes | Launch collections | Reported scheme names | More |
|---|---|---|---|---|
| Equity Ex-Top 100 Long-Short Fund | 2 | ₹1,317 cr | Magnum Equity Ex-Top 100Long Short Fund, Apex Equity Ex-Top 100 Long-short Fund | |
| Equity Long-Short Fund | 1 | ₹103 cr | Apex Equity Long-Short Fund |
Equity, debt and hybrid SIF strategies
AMFI's complete reported breakdown for Aug 2026. The 7 categories are investment strategy types, rather than individual fund names. Zero-asset categories remain visible.
Across the three groups
| Investment strategy | AUM | Net flow, month | Gross inflows | Redemptions | Share of SIF assets | Average AUM, month | Schemes | Folios | Gross SIP inflows | Redemptions / gross inflows | More |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | 0.0% | ₹0.0 cr | 0 | 0 | ₹0.0 cr | – | |
| Equity | ₹9,785 cr | ₹3,029 cr | ₹3,112 cr | ₹83.1 cr | 31.4% | ₹7,718 cr | 19 | 67,098 | ₹15.6 cr | 2.7% | |
| Hybrid | ₹21,390 cr | ₹4,670 cr | ₹4,957 cr | ₹287 cr | 68.6% | ₹18,729 cr | 14 | 58,441 | ₹9.3 cr | 5.8% |
Hybrid Long-Short Fund: monthly flows
Source-native categories; no invented history before a category is reported.
How to read it. Select a category to compare subscriptions, redemptions and net flows. Category totals can cover several schemes.
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Every reported strategy category
| Investment strategy | AUM | Net flow, month | Gross inflows | Redemptions | Share of SIF assets | Average AUM, month | Schemes | Folios | Gross SIP inflows | Redemptions / gross inflows | More |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hybrid Long-Short Fund | ₹19,670 cr | ₹4,113 cr | ₹4,365 cr | ₹252 cr | 63.1% | ₹17,350 cr | 11 | 49,037 | ₹6.6 cr | 5.8% | |
| Equity Ex-Top 100 Long-Short Fund | ₹6,289 cr | ₹2,433 cr | ₹2,457 cr | ₹23.4 cr | 20.2% | ₹4,577 cr | 7 | 42,902 | ₹11.9 cr | 1.0% | |
| Equity Long-Short Fund | ₹3,450 cr | ₹593 cr | ₹645 cr | ₹51.6 cr | 11.1% | ₹3,097 cr | 11 | 23,556 | ₹3.7 cr | 8.0% | |
| Active Asset Allocator Long-Short Fund | ₹1,721 cr | ₹558 cr | ₹593 cr | ₹35.4 cr | 5.5% | ₹1,379 cr | 3 | 9,404 | ₹2.7 cr | 6.0% | |
| Sector Rotation Long-Short Fund | ₹46.2 cr | ₹2.2 cr | ₹10.3 cr | ₹8.1 cr | 0.1% | ₹43.7 cr | 1 | 640 | ₹0.1 cr | 78.3% | |
| Debt Long-Short Fund | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | 0.0% | ₹0.0 cr | 0 | 0 | ₹0.0 cr | – | |
| Sectoral Debt Long-Short Fund | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | ₹0.0 cr | 0.0% | ₹0.0 cr | 0 | 0 | ₹0.0 cr | – |
Net subscriptions and the rest of AUM growth
The change in month-end assets equals net flows plus a residual. That residual includes valuation and other reporting adjustments; it does not measure the returns earned by an investor.
What changed SIF assets each month?
Change from the preceding calendar month; the first month has no opening asset observation.
How to read it. The residual is AUM change less net flow. Missing opening months leave the comparison blank.
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What these measures mean
The figures come from AMFI's monthly SIF disclosures, with source totals checked against their category rows.
What is a SIF?
SIF stands for specialised investment fund. AMFI reports this segment separately from conventional mutual funds, with equity, debt and hybrid investment strategy categories. Its reported strategies include equity long-short, equity ex-top-100 long-short, sector rotation long-short, debt long-short, sectoral debt long-short, active asset allocator long-short and hybrid long-short.
What is the difference between AUM and flows?
AUM is the value of assets at month end. Average AUM is the reported average during the month. Gross inflows measure subscriptions, redemptions measure withdrawals, and net flows subtract withdrawals from subscriptions. Folios are accounts and can include several accounts belonging to one investor. SIP inflows are gross contributions and are already part of subscriptions.
How much history is available?
This page uses 11 monthly reports, from Oct 2025 to Aug 2026. The history is too short for a year-on-year growth comparison. Month-on-month growth uses the preceding calendar month's AUM. Categories and dates follow the source; individual scheme flows and ownership are not supplied in this category report.
Sources: AMFI SIF Monthly archive and AMFI total industry AUM. The latter supplies an independent check on the overlapping SIF total. Conventional mutual fund data uses a separate reporting perimeter.
The workings
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.