What is the story about?
Union Asset Management Company has entered the Specialised Investment Fund (SIF) segment with the launch of Arthaya SIF, a new investment platform under Union Mutual Fund.
The platform will offer actively managed strategies across equity, hybrid, and fixed income categories.
The move marks an expansion of Union Mutual Fund’s product offerings at a time when asset managers are exploring investment structures positioned between traditional mutual funds and alternative products such as portfolio management services (PMS) and alternative investment funds (AIFs).
SIFs are designed to provide greater flexibility in portfolio construction while operating within a regulated framework.
Union AMC has appointed Rajesh Aynor as Investment Lead for the SIF platform. Aynor has over 20 years of experience managing tactical, hybrid, and long-short strategies across market cycles.
He will be responsible for overseeing investment strategy and execution for Arthaya SIF.
According to the asset manager, Arthaya SIF is intended to focus on outcome-oriented investment approaches, combining active management with structured risk controls. The platform is expected to introduce multiple strategies over time, aimed at investors seeking customised allocation ideas and enhanced portfolio construction beyond conventional mutual fund offerings.
Madhu Nair, Chief Executive Officer of Union AMC, said the SIF platform allows the firm to offer more flexible strategies aligned with specific investor objectives. Harshad Patwardhan, Chief Investment Officer, noted that the initiative extends the company’s existing investment framework while allowing for more adaptive execution.
The first strategy under Arthaya SIF is expected to be launched at a later date, subject to regulatory approvals.
The platform will offer actively managed strategies across equity, hybrid, and fixed income categories.
The move marks an expansion of Union Mutual Fund’s product offerings at a time when asset managers are exploring investment structures positioned between traditional mutual funds and alternative products such as portfolio management services (PMS) and alternative investment funds (AIFs).
SIFs are designed to provide greater flexibility in portfolio construction while operating within a regulated framework.
Union AMC has appointed Rajesh Aynor as Investment Lead for the SIF platform. Aynor has over 20 years of experience managing tactical, hybrid, and long-short strategies across market cycles.
He will be responsible for overseeing investment strategy and execution for Arthaya SIF.
According to the asset manager, Arthaya SIF is intended to focus on outcome-oriented investment approaches, combining active management with structured risk controls. The platform is expected to introduce multiple strategies over time, aimed at investors seeking customised allocation ideas and enhanced portfolio construction beyond conventional mutual fund offerings.
Madhu Nair, Chief Executive Officer of Union AMC, said the SIF platform allows the firm to offer more flexible strategies aligned with specific investor objectives. Harshad Patwardhan, Chief Investment Officer, noted that the initiative extends the company’s existing investment framework while allowing for more adaptive execution.
The first strategy under Arthaya SIF is expected to be launched at a later date, subject to regulatory approvals.
