What is the difference between mutual funds, SIF, PMS and AIF?

A mutual fund pools money into units of a diversified, SEBI-regulated scheme from ₹500. A Specialized Investment Fund sits in the same framework from ₹10 lakh and may short and concentrate. A PMS runs a portfolio for you alone in your own demat account from ₹50 lakh. An AIF pools ₹1 crore and more into private markets for the fund's life.

Which route should I start with?

Mutual funds, for most families: they cover every goal from an emergency fund to retirement, start from ₹500 a month and stay liquid. SIF, PMS and AIF come in once one idea can take ₹10 lakh, ₹50 lakh or ₹1 crore comfortably. Bonds and deposits serve near-term goals and income; GIFT City serves NRIs.

What are the minimum investments for each route?

Mutual funds from ₹100 to ₹500 a month by SIP; Specialized Investment Funds ₹10 lakh per fund house; PMS ₹50 lakh; AIFs ₹1 crore; 54EC bonds ₹20,000; RBI Floating Rate Savings Bonds ₹1,000; company fixed deposits usually ₹10,000; GIFT City funds from about USD 75,000. The SIF, PMS and AIF floors are set by SEBI.

What does Sanriya charge on these routes?

Nothing extra on any route. We receive trail commission from fund houses, a share of the manager's fee from PMS and AIF managers, and brokerage from bond and deposit issuers, all disclosed to you. On every route Sanriya is the distributor; the manager or issuer holds and runs the money.

Can NRIs use these routes?

Yes. NRIs can invest in mutual funds, SIFs, PMS and AIFs from NRE or NRO accounts after NRI KYC, with tax deducted at source; some fund houses have separate rules for US and Canada residents, which we check first. 54EC bonds are open to NRIs, and GIFT City funds take dollars directly.

Solutions

Six investment routes. One map.

Mutual funds, bonds, SIF, PMS, AIF and GIFT City funds, ordered by entry amount. Start where your goals and capital are.

Mutual Funds

From ₹500/month

Where almost every serious portfolio begins. Explore →

Bonds & Fixed Income

From ₹1,000

Predictable cash flows for the part of your money that shouldn't surprise you. Explore →

Specialized Investment Funds

From ₹10 lakh

Advanced strategies inside the mutual fund framework, live since April 2025. Explore →

Portfolio Management Services

From ₹50 lakh

A portfolio built for one investor, held in your own demat account. Explore →

Alternative Investment Funds

From ₹1 crore

Venture, private equity, credit and hedge strategies, beyond the listed market. Explore →

GIFT City & Global

USD-denominated

International investing through India's own offshore financial centre. Explore →

Starting out?

Mutual funds and RBI bonds cover most goals for most people. Begin there; the exotic stuff can wait.

Crossed ₹10 lakh per idea?

SIF opens hedged and long-short strategies inside the mutual fund framework you already understand.

Allocating serious capital?

PMS, AIF and GIFT City are built for concentrated conviction, private markets and global diversification.

Also availableFixed DepositsCompany, housing-finance and NBFC deposits for a stated rate and a known maturity date. Rates and terms are set by the issuer and subject to change.

Questions people ask

A mutual fund pools money into units of a diversified, SEBI-regulated scheme from ₹500. A Specialized Investment Fund sits in the same framework from ₹10 lakh and may short and concentrate. A PMS runs a portfolio for you alone in your own demat account from ₹50 lakh. An AIF pools ₹1 crore and more into private markets for the fund's life.
Mutual funds, for most families: they cover every goal from an emergency fund to retirement, start from ₹500 a month and stay liquid. SIF, PMS and AIF come in once one idea can take ₹10 lakh, ₹50 lakh or ₹1 crore comfortably. Bonds and deposits serve near-term goals and income; GIFT City serves NRIs.
Mutual funds from ₹100 to ₹500 a month by SIP; Specialized Investment Funds ₹10 lakh per fund house; PMS ₹50 lakh; AIFs ₹1 crore; 54EC bonds ₹20,000; RBI Floating Rate Savings Bonds ₹1,000; company fixed deposits usually ₹10,000; GIFT City funds from about USD 75,000. The SIF, PMS and AIF floors are set by SEBI.
Nothing extra on any route. We receive trail commission from fund houses, a share of the manager's fee from PMS and AIF managers, and brokerage from bond and deposit issuers, all disclosed to you. On every route Sanriya is the distributor; the manager or issuer holds and runs the money.
Yes. NRIs can invest in mutual funds, SIFs, PMS and AIFs from NRE or NRO accounts after NRI KYC, with tax deducted at source; some fund houses have separate rules for US and Canada residents, which we check first. 54EC bonds are open to NRIs, and GIFT City funds take dollars directly.

Not sure which routes fit your situation?

Talk it through with us