Mirae Asset Mutual Fund's Platinum Hybrid Long-Short Fund closed its New Fund Offer on 3 June 2026, completing a two-week subscription window and marking the formal conclusion of Mirae Asset's first product launch under its Platinum SIF platform. The close comes almost exactly two months after the AMC first filed draft papers for the fund with SEBI in early April.
A cautious, risk-first pitch reiterated at close Throughout the NFO period, Mirae Asset consistently emphasised the fund's design as being built to limit sharp downside movements relative to conventional hybrid funds carrying unhedged equity exposure. The fund's three-tiered structure — controlled equity exposure with a collar strategy, fully hedged arbitrage, and high-quality accrual debt — was positioned as offering a more conservative risk profile than several rival hybrid SIFs that carry higher unhedged equity allocations.
How Platinum compares with other hybrid SIFs at launch
Platinum (Mirae Asset) | Typical hybrid SIF peer | |
|---|---|---|
Equity exposure | 5–70%, largely collar-hedged | Often 65–75%, partially hedged |
Arbitrage | 5–70%, fully hedged | Varies, often smaller allocation |
Debt | 25–35%, accrual-focused | Varies by fund |
Positioning | Conservative, fixed-income-like | Growth-and-income blend |
Mirae Asset has not yet disclosed final subscription figures for the NFO. However, the AMC's leadership has continued to frame Platinum SIF as intended to fill what it describes as a genuine product gap — offering investors a way to generate fixed-income-like, tax-efficient returns using SEBI's SIF safeguards, which allow smarter derivatives use than a conventional hybrid mutual fund permits.
A crowded but still-maturing category Platinum's NFO closed against the backdrop of a SIF category that, as of the most recent industry data, had grown to roughly ₹12,000–₹12,500 crore in assets under management across 16-plus live schemes, with hybrid long-short funds continuing to lead net inflows. Distributors note that Mirae Asset's decision to build a fund with a more conservative equity allocation range than several existing hybrid SIFs may appeal specifically to investors who found even the debut hybrid products from earlier entrants — such as Altiva or Magnum — too equity-heavy for their risk appetite. With its first product now closed, attention shifts to how the fund performs relative to its Nifty 50 Hybrid Composite Debt 50:50 benchmark, and whether Mirae Asset follows up with additional Platinum strategies across equity or debt categories in the months ahead.