Ionic Wealth Pioneers Digital Access to Specialised Investment Funds

Ionic Wealth has become the first firm in the country to provide digital access to Specialised Investment Funds (SIFs), positioning itself as a leader in introducing this sophisticated asset class to high-net-worth individuals. The platform went live shortly after BSE activated the product for distribution.

Ionic Wealth has achieved a significant milestone by becoming the first company in the nation to offer digital access to Specialised Investment Funds (SIFs). Within just an hour of the Bombay Stock Exchange (BSE) activating the product for distribution, the new asset class was live on Ionic's platform.

Specialised Investment Funds (SIFs), introduced by the Securities and Exchange Board of India (SEBI), are designed as advanced investment options, mainly available to ultra-high-net-worth individuals (UHNIs) and institutions. Previously dependent on manual onboarding processes, these funds have now been digitized by Ionic Wealth.

According to Shobhit Mathur, Co-founder of Ionic Wealth, the rapid integration of SIFs into their digital platform required substantial technical expertise and collaboration but signifies their dedication to developing a future-oriented wealth management solution for affluent investors in India.

(With inputs from agencies.)