SEBI gives the go-ahead to Quant MF to launch a unique SIF

Summary: Quant MF will be the first fund house in India to run a long-short strategy for their SIF (Specialised Investment Fund). However, other AMCs may receive the green light from SEBI to launch their long-short offerings. Here’s why this fund is worth looking into. The Securities and Exchange Board of India (SEBI) has granted Quant Mutual Fund the country’s first licence to launch a Specialised Investment Fund (SIF) that can run a fully fledged long-short strategy, dubbed the Quant Specialised Investment Fund (QSIF). The approval positions Quant at the vanguard of a brand-new product class designed for seasoned investors willing to commit a minimum of Rs 10 lakh. What exactly is a SIF? Announced via an SEBI circular on February 27,