ITI Mutual Fund has received approval from the Securities and Exchange Board of India (SEBI) to launch its first Specialised Investment Fund strategy, marking the debut of a new platform the AMC is calling "Diviniti SIF." The clearance positions ITI Mutual Fund among a growing group of Indian asset managers building out dedicated SIF businesses since the category's regulatory framework took effect in April 2025.
The thinking behind the name According to ITI Mutual Fund, "Diviniti" draws on two ideas — "Divine," symbolising higher purpose, integrity and universal wisdom, and "Niti," a Hindi word for ethical policy and moral governance. Together, the brand is meant to signal a commitment to purpose-driven, responsible investing that is financially robust as well as ethically grounded — a slightly different positioning from some rival SIF brands that have leaned more heavily on themes of ambition or precision.
The first product to be launched under Diviniti will be the Diviniti Equity Long Short Fund, an open-ended equity strategy designed to generate long-term capital growth by dynamically investing in equity and equity-related instruments, with limited short exposure through derivatives. The fund's performance will be benchmarked against the Nifty 50 Total Return Index.
Key parameters confirmed at approval stage
Element | Detail |
|---|---|
Minimum NFO investment | ₹10 lakh, in multiples of ₹1 thereafter |
Ongoing minimum investment | ₹25,000, in multiples of ₹1 |
NFO unit price | ₹1,000 per unit |
Equity allocation | 80–100% |
Debt/liquidity buffer | Up to 20% (debt, money market, REITs, InvITs) |
Overseas equity allocation | Up to USD 50 million |
International ETFs | Up to USD 20 million |
Minimum NFO corpus | ₹10 crore |
The fund will offer both Regular and Direct plans, with Growth and IDCW (Income Distribution cum Withdrawal) options, and will support SIPs (minimum ₹5,000), STPs and SWPs with daily, monthly or quarterly frequency options — a more granular set of systematic investment features than several other early SIF launches have offered.
Jatinder Pal Singh, CEO of ITI Mutual Fund, said the SIF platform is intended to bridge the gap between traditional mutual funds and alternative investment strategies, giving investors access to the sophistication typically associated with AIFs and PMS, combined with the governance, transparency and tax efficiency of the mutual fund structure. With SEBI approval now in hand, the AMC has indicated that the Diviniti Equity Long Short Fund's NFO is expected to open in the second week of November 2025.