ICICI Pru AMC Files Drafts for Two SIFs with SEBI, Taps New Investment Segment

• ICICI Pru AMC filed draft documents with SEBI for two Specialized Investment Funds (SIFs): iSIF Equity Ex-Top 100 Long-Short Fund and iSIF Hybrid Long-Short Fund.
• This move marks ICICI Pru AMC's formal entry into the new SIF investment segment, as exclusively reported by Moneycontrol.
• SIFs are new SEBI-approved products designed to bridge the gap between traditional mutual funds and portfolio management services.
• These funds require a minimum investment of Rs 10 lakh and offer fund managers greater flexibility in portfolio construction.
• SEBI has permitted seven investment strategies across equity, debt, and hybrid asset classes under the SIF framework.

Why It Matters: ICICI Pru AMC enters the new SIF segment with two fund filings, offering investors flexible strategies.