AMC-wise SIF AUM in India: September 2026
India’s SIF market reached ₹38,224 crore in AUM as of 30 September 2026, rising ₹7,049 crore in a month. Here’s how the 17 SIF platforms compare by AUM and market share.
The Specialized Investment Fund (SIF) segment recorded a strong increase in assets during September 2026. Total SIF assets under management (AUM) stood at ₹38,224 crore as of 30 September 2026, compared with ₹31,175 crore in August.
That represents an increase of ₹7,049 crore, or 22.6%, in a single month.
The latest AMC-wise data also shows that SIF assets remain concentrated among a few leading platforms. The top five AMCs together accounted for ₹31,720 crore, or 83.0% of total SIF AUM.
With 17 AMCs now represented in the SIF segment, the September data provides a useful snapshot of the relative size of each platform.
SIF AUM at a Glance
| Metric | September 2026 |
| Total SIF AUM | ₹38,224 Cr |
| August 2026 AUM | ₹31,175 Cr |
| Monthly Increase | ₹7,049 Cr |
| Monthly Growth | 22.6% |
| AMCs with SIF Offerings | 17 |
| Top 5 AMCs' AUM | ₹31,720 Cr |
| Top 5 Share of Total AUM | 83.0% |
Altiva Leads the SIF AUM Landscape
Edelweiss Mutual Fund's Altiva was the largest SIF platform in the September 2026 data.
Altiva recorded ₹13,221 crore in AUM, giving it a 34.6% share of the total SIF market.
It was followed by iSIF from ICICI Prudential Mutual Fund, with ₹6,135 crore and a 16.1% share.
SBI Mutual Fund's Magnum ranked third with ₹5,587 crore, followed by Quant Mutual Fund's QSIF at ₹3,783 crore and Kotak Mutual Fund's Infinity at ₹2,994 crore.
Top 5 AMC
| SIF | AMC | AUM | SHARE |
| Altiva | Edelweiss Mutual Fund | ₹13,221 Cr | 34.6% |
| iSIF | ICICI Prudential Mutual Fund | ₹6,135 Cr | 16.1% |
| Magnum | SBI Mutual Fund | ₹5,587 Cr | 14.6% |
| QSIF | Quant Mutual Fund | ₹3,783 Cr | 9.9% |
| Infinity | Kotak Mutual Fund | ₹2,994 Cr | 7.8% |
The Top 5 Hold 83% of Total SIF AUM
One of the clearest trends in the September data is the concentration of assets among the five largest platforms.
Altiva, iSIF, Magnum, QSIF and Infinity together had ₹31,720 crore in AUM.
That represents 83.0% of the total ₹38,224 crore SIF AUM.
The remaining 12 platforms collectively accounted for ₹6,504 crore, or 17.0%.
₹31,720 Cr
Combined AUM of the top five SIF platforms
83.0%
Share of total SIF AUM
This means that while SIF offerings are now available across 17 AMCs, assets are currently concentrated heavily among the largest platforms.
Top 3 Platforms Account for 65.3%
The concentration becomes even more significant when looking at the top three.
Altiva, iSIF and Magnum together accounted for:
- Altiva: 34.6%
- iSIF: 16.1%
- Magnum: 14.6%
Combined, these three platforms represented 65.3% of total SIF AUM.
In other words, nearly two-thirds of the ₹38,224 crore SIF market was held across just three platforms as of 30 September 2026.
Complete AMC-wise SIF AUM
The September 2026 data across all 17 SIF platforms is shown below:
| SIF | AMC | AUM | Share |
| Altiva | Edelweiss Mutual Fund | ₹13,221 Cr | 34.6% |
| iSIF | ICICI Prudential Mutual Fund | ₹6,135 Cr | 16.1% |
| Magnum | SBI Mutual Fund | ₹5,587 Cr | 14.6% |
| QSIF | Quant Mutual Fund | ₹3,783 Cr | 9.9% |
| Infinity | Kotak Mutual Fund | ₹2,994 Cr | 7.8% |
| RedHex | HSBC Mutual Fund | ₹1,521 Cr | 4.0% |
| Dyna | 360 ONE Asset | ₹1,132 Cr | 3.0% |
| Titanium | Tata Mutual Fund | ₹879 Cr | 2.3% |
| Apex | Aditya Birla Sun Life Mutual Fund | ₹734 Cr | 1.9% |
| Prism | JioBlackRock Mutual Fund | ₹478 Cr | 1.3% |
| Platinum | Mirae Asset Mutual Fund | ₹385 Cr | 1.0% |
| Summit | Invesco Mutual Fund | ₹375 Cr | 1.0% |
| Arudha | Bandhan Mutual Fund | ₹292 Cr | 0.8% |
| Diviniti | ITI Mutual Fund | ₹246 Cr | 0.6% |
| Sapphire | Franklin Templeton Mutual Fund | ₹212 Cr | 0.6% |
| Arthaya | Union Mutual Fund | ₹131 Cr | 0.3% |
| WSIF | The Wealth Company Mutual Fund | ₹119 Cr | 0.3% |
| Total | ₹38,224 Cr | 100% |
A Wide Gap Between the Largest and Smaller Platforms
The AUM distribution shows a substantial difference between the largest SIF platforms and those lower down the list.
After the top five, RedHex from HSBC Mutual Fund ranked sixth with ₹1,521 crore.
It was followed by:
- Dyna — 360 ONE Asset: ₹1,132 Cr
- Titanium — Tata Mutual Fund: ₹879 Cr
- Apex — Aditya Birla Sun Life Mutual Fund: ₹734 Cr
At the other end of the table, eight platforms had AUM below ₹500 crore.
These included Prism, Platinum, Summit, Arudha, Diviniti, Sapphire, Arthaya and WSIF.
SIF AUM Increased by ₹7,049 Crore in September
The total SIF AUM increased from ₹31,175 crore in August 2026 to ₹38,224 crore in September 2026.
August → September 2026
₹31,175 Cr
August 2026 AUM
↓ ₹7,049 Cr increase
₹38,224 Cr
September 2026 AUM
This represents a 22.6% increase in total SIF AUM during the month.
What the September 2026 Data Tells Us
The September numbers highlight two important characteristics of India's SIF segment.
1. SIF AUM is expanding
Total AUM reached ₹38,224 crore, with a ₹7,049 crore increase over August.
2. Assets remain concentrated
Despite 17 AMCs having SIF offerings, the top five platforms accounted for 83% of total AUM.
The largest platform, Altiva, alone represented 34.6% of the market.
This creates a clear difference between the scale of the leading SIF platforms and the rest of the market.
Final Takeaway
The September 2026 AMC-wise SIF AUM data shows a segment that has continued to expand while remaining concentrated among its largest platforms.
Total SIF AUM reached ₹38,224 crore, up ₹7,049 crore or 22.6% from August.
Edelweiss Mutual Fund's Altiva remained the largest platform with ₹13,221 crore, followed by ICICI Prudential's iSIF and SBI Mutual Fund's Magnum.
The most notable feature of the data is the concentration at the top: five platforms accounted for 83.0% of total SIF AUM, while the top three represented 65.3%.
As the SIF segment continues to develop across 17 AMCs, the AMC-wise AUM distribution provides an important view of the relative scale of the different platforms.
