Mirae Asset Mutual Fund has formally introduced Platinum SIF, its dedicated brand for Specialised Investment Fund strategies, and confirmed that the New Fund Offer for its debut product, the Platinum Hybrid Long-Short Fund, will open on 20 May 2026 and close on 3 June 2026. The announcement comes roughly five weeks after the AMC first filed draft papers for the fund with SEBI.
A three-tiered strategy built for stability Mirae Asset has described the Platinum Hybrid Long-Short Fund's design as a three-tiered structure aimed at delivering risk-adjusted returns across market phases while limiting drawdowns relative to conventional hybrid funds with unhedged directional equity exposure:
Controlled equity exposure (5–70%): including a collar strategy and special situations investing
Fully hedged arbitrage exposure (5–70%): using cash-and-derivatives arbitrage to generate income with limited market risk
High-quality accrual debt exposure (25–35%): providing income stability and reducing overall portfolio volatility
Gaurik Shah, SVP – Equity Investments at Mirae Asset, who will manage the fund, said the three-tiered structure makes the portfolio agile while providing relatively lower drawdowns compared with hybrid funds carrying unhedged directional equity exposure. Shah brings close to two decades of experience across public markets and alternative strategies, with a specialisation in quantitative investing and market-neutral frameworks.
Leadership commentary on positioning Neelesh Surana, CIO of Mirae Asset Investment Managers (India), said the SIF structure gives investors access to specialised investment strategies alongside the safety and transparency associated with mutual funds, with the fund providing higher flexibility in strategy and allocation across debt, equity and derivatives instruments. Vaibhav Shah, Head of Products, Business Strategy and International Business at Mirae Asset, added that the fund is positioned to fill a product gap — generating fixed-income-like returns in a tax-efficient manner, enabled by SEBI's safeguards that allow SIFs to use derivatives smartly for better risk management.
Who it's for Mirae Asset has pitched the fund at conservative investors seeking relatively stable returns across market phases, with a suggested investment horizon of one to two years or more, and at investors specifically seeking better downside protection than hybrid funds with directional equity exposure typically offer. The minimum investment is ₹10 lakh at the PAN level, in line with SEBI's standard SIF threshold.