Step 1 — KYC and risk profiling
You need a completed KYC (PAN, Aadhaar-based address proof, bank proof, photograph and signature). Because SIFs are a higher-risk category, the fund house also records a suitability or risk-profiling declaration before accepting your application.
Step 2 — Pick the strategy, not the label
Two funds in the same SEBI category can behave very differently depending on how much net equity exposure the manager carries. Read the scheme information document for the permitted net long range, the derivative limits, the benchmark and the redemption frequency.
Step 3 — Fund the investment
The ₹10 lakh minimum applies across a fund house's SIF strategies, so you can split it between two of their strategies if you prefer. Payment is from your own bank account — third-party payments are not accepted. Systematic investment and withdrawal facilities are available where the scheme allows them.
Step 4 — After allotment
You receive an account statement with units and the allotment NAV. From then on you can track the published NAV on SIF Pulse, and your consolidated account statement will show the holding alongside your mutual funds.
Step 5 — Review, don't react
A hedged strategy is meant to lag in a fast-rising market. Judge it over a full cycle against its stated benchmark and against the drawdown you were trying to avoid. AGM Wealth can set up a periodic review so you are comparing the right things.
For information only, not investment or tax advice. Rules and tax rates change with each Finance Act and with SEBI circulars — confirm the current position with AGM Wealth (ARN 124172) and your chartered accountant before acting.