Sanriya blog
Everything we have written since the practice began: how the instruments work, what the forms mean, and the habits that make a plan hold. Newest first.
375 articles · page 2 of 32
Specialized Investment Funds
SIF, PMS and AIF compared on minimum ticket, ownership, shorting and leverage, liquidity, FY 2026-27 tax, reporting and costs, and why they are not rungs on a ladder every investor must climb.
· 10 min read
PMS & AIF
An alternative investment fund is a SEBI-registered, privately pooled vehicle with a ₹1 crore minimum. Here is how its structure, PPM, units, drawdowns, tenure and exits work.
· 10 min read
PMS & AIF
A portfolio management service is a SEBI-regulated account in which a manager runs shares and bonds held in your own name. How the ₹50 lakh minimum, mandate types, accounts and reporting work.
· 10 min read
Specialized Investment Funds
A Specialized Investment Fund is SEBI's 2025 pooled product that sits between a mutual fund and a PMS: ₹10 lakh minimum, seven permitted strategies, up to 25% unhedged shorts, and mutual fund taxation.
· 7 min read
Mutual funds
For a mutual fund investor, a SIF keeps the SEBI framework and the tax rules but adds shorting, concentration, a ₹10 lakh minimum and a five-level risk band; here is what to check before using one as a satellite.
· 7 min read
Specialized Investment Funds
A plain guide to the seven SIF strategies SEBI permits, with each one's allocation floor, short exposure cap, sector limit, horizon, risk and the mutual fund category it most resembles.
· 7 min read
Mutual funds
A plain comparison of mutual funds, PMS and AIFs on minimums, regulation, liquidity, fees, taxation, return reporting and accredited-investor relaxations, with a simple ladder for layering them as your portfolio grows.
· 9 min read
NRI & GIFT City
A sober look at GIFT City taxation for non-residents and residents: which exemptions sit at the fund level, what reaches you, how repatriation compares with NRE and NRO accounts, and who the structure actually suits.
· 7 min read
PMS & AIF
Investing in an AIF means committing at least ₹1 crore, signing the PPM, paying capital calls over 12 to 24 months, waiting out a multi-year lock-in for distributions or a unit transfer, and reporting pass-through income on Form 64C or Form 78.
· 7 min read
NRI & GIFT City
A plain guide to GIFT City (IFSC) funds: what they are, the AIF categories and scheme types, who can invest, how residents use LRS, currency, minimums, tax and the paperwork.
· 7 min read
PMS & AIF
SEBI's three AIF categories share a ₹1 crore minimum but differ in what they invest in, how long they lock capital, whether they can borrow and who pays the tax.
· 7 min read
Bonds & NCDs
At maturity, the maturity amount of 54EC IRFC Capital Gain Bonds can be obtained by following these steps: 1. Ensure that your contact details and also bank account information are up to date with…
· 1 min read
