What are the expense ratios and risk bands of India's SIF funds?

They vary widely, and you can see all of them in one free file. Specialized Investment Funds (SIFs) are SEBI's category between mutual funds and PMS. The SIF scheme details file covers all 126 SIF scheme variants of 34 funds, with fund managers, launch dates, benchmark, risk band, TER and BER.

Expense ratios. The base expense ratio (BER) is the fund house's own fee. In the latest filings it runs from:

• 0.25% to 1.28% on Direct plans.
• 0.63% to 2.10% on Regular plans.

The total TER moves every day because a SIF's TER includes that day's trading costs. The BER is the steadier number to compare across funds.

Risk bands. The scale runs from 1, the lowest risk, to 5, the highest. Of the 29 SIF funds with a scheme document, 12 are in band 5, 7 in band 3, 3 in band 2 and 7 in band 1. The release note reports that 17 of those 29 now carry a different band from the one they launched with, and 15 of them moved lower. Several equity long-short funds launched at band 5 and are now at 1, 2 or 3. The file has each fund's current band as filed.

Notes before you use it.

• Five funds had no scheme document on AMFI. They are in the file with managers and TER blank, and the open issues file lists them.
• Benchmark and risk band come twice: as filed, and in one standard form (ssd_benchmark_tier1_std and ssd_riskometer_level). Group or compare on the standard form.
• Fund-level values such as managers, benchmark and risk band repeat on every plan and option of a fund.
• Average AUM is quarterly and per scheme variant, as AMFI publishes it for SIFs. Add a fund's rows for the same quarter to get its total.
• The first 60 columns match the mutual fund scheme details file, so the same code works on both.

Get it: CSV or Parquet, refreshed three times a day, free with no key. The SIF app with its methodology and validations is at sif.tigzig.com. The rest of the SIF data: where to get SIF data for India. Which fund house is behind each SIF brand: https://www.tigzig.com/agents-faq/how-do-i-tell-which-fund-house-a-sif-belongs-to. Release note: https://www.tigzig.com/post/sif-scheme-details-live-oct2026.