Mumbai, Jan. 26 -- Specialised Investment Funds (SIFs) are rapidly gaining traction in India and could grow into a Rs 1 lakh crore-plus segment by 2028, according to a report by SIF360, a platform focused on tracking developments in the SIF ecosystem.

The report said that SIFs, a newly introduced investment structure in India, are witnessing early acceptance among investors and advisors who are looking for portfolio strategies that can manage downside risk more effectively amid rising market volatility.

It said, "India's SIF landscape could grow faster than Portfolio Management Services (PMS) did in its first five years".

According to the SIF 360 report, the SIF category has already crossed Rs 5,000 crore in assets under management (AU...