SEBI Chief Highlights SIFs at Kotak Investor Conference

In a major address yesterday (Feb 25), SEBI Chairman Tuhin Kanta Pandey specifically named Specialized Investment Funds (SIFs) as a key structural reform designed to bridge the gap between Mutual Funds and PMS.

• The Quote: He described SIFs as a tool to "deepen markets" by offering calibrated, long-short strategies to a broader affluent class.

• The Big Change: He reminded the room that starting January 2026, SIF investments in REITs are treated as equity. This is a massive tax-alpha play for Hybrid SIFs looking to generate yield without losing the 12.5% LTCG benefit.