India's SIF market reached ₹42,665 crore in AUM as of 31 October 2026, up ₹4,441 crore in a month. Here's how the 18 SIF platforms compare by AUM and market share.
The Specialized Investment Fund (SIF) segment kept growing in October 2026. Total SIF assets under management (AUM) stood at ₹42,665 crore as of 31 October 2026, compared with ₹38,224 crore at the end of September.
That is an increase of ₹4,441 crore, or 11.6%, in a single month.
The number of AMCs with SIF offerings rose to 18, as Mahindra Manulife Mutual Fund's MSIF joined the segment in October with ₹169 crore in AUM.
Assets remain concentrated among the largest platforms, but slightly less than before. The top five AMCs held ₹34,772 crore, or 81.5% of total SIF AUM, down from 83.0% in September.
SIF AUM at a Glance
| Metric | October 2026 |
| Total SIF AUM | ₹42,665 Cr |
| September 2026 AUM | ₹38,224 Cr |
| Monthly Increase | ₹4,441 Cr |
| Monthly Growth | 11.6% |
| AMCs with SIF Offerings | 18 |
| New AMC in October | Mahindra Manulife Mutual Fund (MSIF) |
| Top 5 AMCs' AUM | ₹34,772 Cr |
| Top 5 Share of Total AUM | 81.5% |
Altiva Leads the SIF AUM Landscape
Edelweiss Mutual Fund's Altiva remained the largest SIF platform in October 2026.
Altiva recorded ₹14,370 crore in AUM, a 33.7% share of the total SIF market. It added ₹1,149 crore during the month, the largest increase of any platform and about a quarter (25.9%) of the segment's total growth.
iSIF from ICICI Prudential Mutual Fund ranked second with ₹6,465 crore and a 15.2% share.
SBI Mutual Fund's Magnum ranked third with ₹5,684 crore. It was followed by Quant Mutual Fund's qSIF at ₹4,412 crore and Kotak Mahindra Mutual Fund's Infinity at ₹3,841 crore.
Top 5 AMCs
| SIF | AMC | AUM | Share |
| Altiva | Edelweiss Mutual Fund | ₹14,370 Cr | 33.7% |
| iSIF | ICICI Prudential Mutual Fund | ₹6,465 Cr | 15.2% |
| Magnum | SBI Mutual Fund | ₹5,684 Cr | 13.3% |
| qSIF | Quant Mutual Fund | ₹4,412 Cr | 10.3% |
| Infinity | Kotak Mahindra Mutual Fund | ₹3,841 Cr | 9.0% |
The Top 5 Hold 81.5% of Total SIF AUM
Altiva, iSIF, Magnum, qSIF and Infinity together held ₹34,772 crore in AUM.
That is 81.5% of the total ₹42,665 crore SIF AUM.
The remaining 13 platforms together held ₹7,893 crore, or 18.5%.
₹34,772 Cr
Combined AUM of the top five SIF platforms
81.5%
Share of total SIF AUM
The top five's share fell from 83.0% in September to 81.5% in October, because several mid-sized platforms grew faster than the leaders.
Top 3 Platforms Account for 62.2%
The concentration is clearer still at the very top. Altiva, iSIF and Magnum held:
- Altiva: 33.7%
- iSIF: 15.2%
- Magnum: 13.3%
Together, these three platforms held 62.2% of total SIF AUM (₹26,519 crore), down from 65.3% in September.
Complete AMC-wise SIF AUM
The October 2026 data for all 18 SIF platforms is shown below:
| # | SIF | AMC | AUM | Share |
| 1 | Altiva | Edelweiss Mutual Fund | ₹14,370 Cr | 33.7% |
| 2 | iSIF | ICICI Prudential Mutual Fund | ₹6,465 Cr | 15.2% |
| 3 | Magnum | SBI Mutual Fund | ₹5,684 Cr | 13.3% |
| 4 | qSIF | Quant Mutual Fund | ₹4,412 Cr | 10.3% |
| 5 | Infinity | Kotak Mahindra Mutual Fund | ₹3,841 Cr | 9.0% |
| 6 | RedHex | HSBC Mutual Fund | ₹1,796 Cr | 4.2% |
| 7 | Dyna | 360 ONE Mutual Fund | ₹1,230 Cr | 2.9% |
| 8 | Titanium | Tata Mutual Fund | ₹1,209 Cr | 2.8% |
| 9 | Apex | Aditya Birla Sun Life Mutual Fund | ₹1,043 Cr | 2.4% |
| 10 | Prism | Jio BlackRock Mutual Fund | ₹616 Cr | 1.4% |
| 11 | Summit | Invesco Mutual Fund | ₹416 Cr | 1.0% |
| 12 | Platinum | Mirae Asset Mutual Fund | ₹396 Cr | 0.9% |
| 13 | Arudha | Bandhan Mutual Fund | ₹328 Cr | 0.8% |
| 14 | Diviniti | ITI Mutual Fund | ₹225 Cr | 0.5% |
| 15 | Sapphire | Franklin Templeton Mutual Fund | ₹212 Cr | 0.5% |
| 16 | MSIF (New) | Mahindra Manulife Mutual Fund | ₹169 Cr | 0.4% |
| 17 | Arthaya | Union Mutual Fund | ₹131 Cr | 0.3% |
| 18 | WSIF | The Wealth Company Mutual Fund | ₹122 Cr | 0.3% |
| Total | ₹42,665 Cr | 100% |
Biggest Movers in October
In rupee terms, the largest increases came from the leading platforms:
- Altiva: +₹1,149 Cr (₹13,221 Cr → ₹14,370 Cr)
- Infinity: +₹847 Cr (₹2,994 Cr → ₹3,841 Cr)
- qSIF: +₹629 Cr (₹3,783 Cr → ₹4,412 Cr)
- iSIF: +₹330 Cr (₹6,135 Cr → ₹6,465 Cr)
- Titanium: +₹330 Cr (₹879 Cr → ₹1,209 Cr)
In percentage terms, mid-sized platforms grew fastest:
| SIF | AMC | September 2026 | October 2026 | Change |
| Apex | Aditya Birla Sun Life Mutual Fund | ₹734 Cr | ₹1,043 Cr | +42.1% |
| Titanium | Tata Mutual Fund | ₹879 Cr | ₹1,209 Cr | +37.5% |
| Prism | Jio BlackRock Mutual Fund | ₹478 Cr | ₹616 Cr | +28.9% |
| Infinity | Kotak Mahindra Mutual Fund | ₹2,994 Cr | ₹3,841 Cr | +28.3% |
| RedHex | HSBC Mutual Fund | ₹1,521 Cr | ₹1,796 Cr | +18.1% |
Titanium and Apex both crossed ₹1,000 crore in October. Nine platforms are now above that mark: Altiva, iSIF, Magnum, qSIF, Infinity, RedHex, Dyna, Titanium and Apex.
Not every platform grew. Diviniti from ITI Mutual Fund fell from ₹246 crore to ₹225 crore (−8.5%), while Sapphire (₹212 crore) and Arthaya (₹131 crore) were unchanged from September.
A Wide Gap Between the Largest and Smaller Platforms
After the top five, RedHex from HSBC Mutual Fund ranked sixth with ₹1,796 crore. It was followed by:
- Dyna — 360 ONE Mutual Fund: ₹1,230 Cr
- Titanium — Tata Mutual Fund: ₹1,209 Cr
- Apex — Aditya Birla Sun Life Mutual Fund: ₹1,043 Cr
At the other end of the table, eight platforms had AUM below ₹500 crore: Summit, Platinum, Arudha, Diviniti, Sapphire, MSIF, Arthaya and WSIF.
SIF AUM Increased by ₹4,441 Crore in October
Total SIF AUM rose from ₹38,224 crore in September 2026 to ₹42,665 crore in October 2026.
September → October 2026
₹38,224 Cr
September 2026 AUM
↓ ₹4,441 Cr increase
₹42,665 Cr
October 2026 AUM
That is an 11.6% increase in total SIF AUM during the month. It is slower than September's 22.6%, but the segment still added more than ₹4,400 crore in a month.
About this data
AMC-wise AUM figures are compiled by SIF360 from AMC disclosures, as of 31 October 2026. AMFI's monthly SIF report shows AUM by strategy category, not by AMC. At the time of writing, AMFI had not yet published its October 2026 report. For September 2026, AMFI reported industry SIF AUM of ₹38,286.94 crore, compared with SIF360's AMC-wise total of ₹38,224 crore. Figures are in ₹ crore and rounded.
What the October 2026 Data Tells Us
1. SIF AUM keeps expanding
Total AUM reached ₹42,665 crore, up ₹4,441 crore from September. 16 of the 17 platforms that were live in September grew or held steady.
2. Concentration is easing slightly
The top five still hold 81.5% of AUM, down from 83.0%. Faster growth at Apex, Titanium, Prism, Infinity and RedHex is spreading assets a little more widely.
3. The AMC list keeps growing
With MSIF's launch, 18 AMCs now offer SIFs under SEBI's SIF framework, which came into effect through SEBI's circular of 27 February 2025.
Frequently Asked Questions
What is the total SIF AUM in India as of October 2026?
Total SIF AUM in India was ₹42,665 crore as of 31 October 2026, up ₹4,441 crore (11.6%) from ₹38,224 crore in September 2026.
Which is the largest SIF in India by AUM?
Altiva from Edelweiss Mutual Fund is the largest, with ₹14,370 crore in AUM, a 33.7% share of total SIF AUM as of 31 October 2026.
How many AMCs offer SIFs in India?
18 AMCs offer SIFs as of October 2026. Mahindra Manulife Mutual Fund (MSIF) was the newest, joining in October.
What share of SIF AUM do the top five AMCs hold?
The top five (Altiva, iSIF, Magnum, qSIF and Infinity) hold ₹34,772 crore, or 81.5% of total SIF AUM.
Which SIFs grew the fastest in October 2026?
By percentage, Apex (+42.1%), Titanium (+37.5%) and Prism (+28.9%) grew fastest. By rupee amount, Altiva (+₹1,149 crore), Infinity (+₹847 crore) and qSIF (+₹629 crore) added the most.
Final Takeaway
The October 2026 AMC-wise SIF AUM data shows a segment that is still growing quickly while slowly becoming less concentrated.
Total SIF AUM reached ₹42,665 crore, up ₹4,441 crore or 11.6% from September. Altiva remained the largest platform with ₹14,370 crore, followed by iSIF and Magnum.
The top five held 81.5% of total AUM and the top three 62.2%. Both shares are lower than in September, as mid-sized platforms like Apex, Titanium and Prism grew faster.
With MSIF joining, 18 AMCs now offer SIFs, and the AMC-wise view remains a useful way to track how scale is spread across the market. See the live figures on SIF360's AMC-wise AUM dashboard.
