Assets under management of specialized investment funds (SIFs) rose 29 per cent month-on-month to ₹17,858 crore at the end of June 2026, driven by strong investor inflows into hybrid investment strategies, according to Amfi data.
Total SIF AUM increased from ₹13,814 crore in May, while monthly inflows increased to ₹3,782 crore from ₹1,396 crore.
Market regulator SEBI introduced the SIF framework in February 2025 to bridge the gap between regular mutual funds and high-ticket portfolio management services (PMS). SIFs target sophisticated investors through flexible hedging, derivatives and long-short strategies.
In this category, hybrid long-short funds alone managed ₹11,910 crore, which is 67 per cent of the total SIF AUM of the industry.
Equity-oriented investment strategies accounted for the remaining 28 per cent of SIF AUM at ₹5,036 crore.
Hybrid long-short funds attracted inflows of ₹2,043 crore during June, up from ₹707 crore in May. The report said that since October 2024, the strategy has garnered cumulative inflows of ₹11,568 crore, which is 66 per cent of the total SIF inflows.
Equity-oriented investment strategies received ₹1,097 crore in June, up 68 per cent from ₹652 crore in the previous month. Cumulative inflows into the category since October 2024 stood at ₹4,938 crore, contributing 28 per cent to the total SIF inflows.
The report said cumulative inflows into SIFs since October 2024 have reached ₹17,407 crore, reflecting growing investor acceptance of the newly introduced investment vehicle.
The broader mutual fund industry also saw continued investor participation during June. Total mutual fund AUM rose to ₹82.2 trillion, while active equity and hybrid funds together attracted net inflows of about ₹36,000 crore.
Active equity mutual funds recorded gross inflows of ₹67,601 crore in June, compared to ₹57,604 crore in May, while net inflows into the category stood at ₹28,973 crore.
Excluding arbitrage funds, hybrid funds received net inflows of ₹7,163 crore during the month compared to ₹4,862 crore in May.
Gold ETFs (exchange traded funds) also rose sharply and recorded a net inflow of ₹3,443 crore in June after a net outflow of ₹725 crore in the previous month.
It also highlights the maturity of the investors. Instead of reacting emotionally, they are increasingly using the phases of better market momentum to continue their long-term wealth creation journey, said Santosh Joseph, CEO, Germinate Investor Services.
“The resilience in SIP flows and improvement in equity flows are reassuring indicators for the mutual fund industry and reflect continued confidence in India’s long-term growth story,” he said.