Edelweiss Asset Management Ltd. announced the launch of its specialised investment fund, Altiva, on Thursday.
The SIF will offer differentiated investment solutions across equity, hybrid and fixed-income categories, catering to evolving investor needs, it stated in a press release.
"Through the launch of Altiva SIF, Edelweiss AMC marks its early strategic entry into the promising and fast-evolving Specialized Investment Funds space," said Radhika Gupta, chief executive officer of Edelweiss Mutual Fund.
"We believe SIFs represent the next evolution in investment solutions — a powerful bridge between traditional mutual funds and PMS/AIFs, offering the agility and innovation needed to serve tomorrow’s investors," she added.
SEBI introduced SIFs to fill the gap between portfolio management services and mutual funds, aiming to provide a flexible investment option for sophisticated investors. Unlike conventional mutual funds, SIFs offer a more targeted approach, focusing on sectors that may not be accessible through traditional investment channels.
As investor expectations grow more sophisticated, SIFs have the potential to redefine how portfolios are constructed and managed.
Nippon Life India Asset Management has appointed Andrew Holland as head of SIF, while Axis Asset Management has appointed Nandik Malik for the same.
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