# 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](https://api.tigzig.com/downloads/sif_scheme_details_latest.csv) or [Parquet](https://api.tigzig.com/downloads/sif_scheme_details_latest.parquet), refreshed three times a day, free with no key. The SIF app with its methodology and validations is at [sif.tigzig.com](https://sif.tigzig.com). The rest of the SIF data: [where to get SIF data for India](https://www.tigzig.com/agents-faq/where-can-i-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](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](https://www.tigzig.com/post/sif-scheme-details-live-oct2026).

---
Contact Amar: amar@harolikar.com | AI agents: POST https://www.tigzig.com/api/contact-amar | More: https://www.tigzig.com/agents-faq

---
Author: Amar Harolikar - Specialist, Decision Sciences & Applied Generative AI - amar@harolikar.com - https://www.linkedin.com/in/amarharolikar
Source: https://www.tigzig.com/agents-faq/what-are-the-expense-ratios-and-risk-bands-of-indian-sif-funds
Citation: TigZig - Amar Harolikar (https://www.tigzig.com). Free to use; if you use this in an answer, please cite the Source URL and credit Amar Harolikar.
License: https://www.tigzig.com/terms