Other Products

Beyond mutual funds, deposits, bonds, NPS and PMS, Indian investors can access a wider set of regulated products. We are adding them carefully, one at a time, and only when we can explain them properly and offer them through appropriately registered partners. Register your interest and we will let you know as each one becomes available. Meanwhile, here is what they are.

A SEBI category introduced in 2025 that sits between mutual funds and PMS. SIFs are offered by eligible mutual fund houses, require a minimum investment of ₹10 lakh (with exemptions for accredited investors), and may follow strategies a regular mutual fund cannot — including long–short approaches using limited derivatives exposure. More flexibility means more ways for a strategy to go wrong; read the strategy and its risk band closely.

Privately pooled funds registered with SEBI, in three categories: Category I (such as venture capital and infrastructure), Category II (such as private equity and private credit) and Category III (such as hedge-fund-style strategies). The minimum investment is generally ₹1 crore, with exemptions for accredited investors. AIFs are often illiquid for years, charge higher fees and report less frequently than mutual funds — see AIF.

Real estate investment trusts and infrastructure investment trusts own income-producing assets — offices, malls, roads, transmission lines — and distribute most of their cash flow to unitholders. Their units trade on stock exchanges. Distributions can be a mix of interest, dividend and capital repayment, each taxed differently, and unit prices move with interest rates and the underlying assets.

Regulated ways to hold precious metals include gold and silver ETFs and fund-of-funds offered by mutual funds, exchange-traded commodity derivatives and electronic gold receipts.

Note: In November 2025 SEBI cautioned investors that "digital gold" products sold by online platforms fall outside its regulatory framework. If you want gold in your portfolio, prefer the regulated routes above.

These are debt instruments whose payout depends on the movement of a market index or another reference. Payoff structures can be complex — capped gains, partial or no capital protection, early-redemption triggers — and they depend on the issuer's ability to pay. Their tax treatment was made less favourable in 2023. Read the payoff table at several market levels, not just the headline scenario.

Shares of companies not yet listed are sometimes offered to individual investors. Prices are not discovered on an exchange, information is limited, and there may be no buyer when you want to sell. Lock-in rules can also apply after the company lists. These are high-risk holdings, suitable only for money you could afford to lose.

Each of these products has a regulator, a minimum, a cost structure and a set of risks that need explaining properly. We would rather add them slowly, with clear education and the right regulated partners, than list everything at once.

• What do I own, and who holds it?
• How do I get out, how quickly, and at what cost?
• What are all the fees, including performance fees?
• Who regulates it, and where do I complain if something goes wrong?
• What does it add that I don't already have?

If a product cannot answer these clearly, that is your answer. In the meantime, the Wealth Lab and Portfolio X-Ray show what you already own — the right starting point for any new addition.

SEBI's accredited investor framework recognises individuals and entities that meet income or net-worth thresholds, verified by an accreditation agency. Accreditation can relax minimum investment requirements for certain products. It recognises financial capacity — it doesn't make a product less risky.