Mirae Asset Mutual Fund today opened the New Fund Offer for the Platinum Hybrid Long-Short Fund, its debut product under the newly launched Platinum SIF platform. The NFO will remain open until 3 June 2026, arriving at a moment when the broader Specialised Investment Fund category has been growing rapidly — total SIF assets under management crossed ₹12,000 crore in April 2026 alone, spread across 16 schemes and more than 50,000 investor folios.
A category dominated by hybrid strategies According to industry data, April 2026 saw net SIF inflows of ₹1,219 crore, with hybrid long-short funds leading the category at ₹651 crore, followed by equity-oriented strategies at ₹478 crore — underscoring the continued investor preference for lower-volatility, income-oriented hybrid products over pure equity long-short strategies at this stage of the category's development. Platinum's decision to lead with a hybrid fund, rather than a pure equity strategy, places Mirae Asset's debut SIF squarely within the sub-category that has attracted the most investor interest to date.
Fund details at a glance
Element | Detail |
|---|---|
Fund name | Platinum Hybrid Long-Short Fund |
NFO window | 20 May – 3 June 2026 |
Minimum investment | ₹10 lakh |
Equity exposure (controlled) | 5–70% |
Arbitrage exposure (hedged) | 5–70% |
Debt exposure (accrual) | 25–35% |
Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
Fund manager | Gaurik Shah |
Mirae Asset said the fund achieves stability through debt and arbitrage allocations, while pursuing yield enhancement through a collar strategy and special-situations investing — a structure designed to deliver risk-adjusted returns across different market phases rather than depending on directional equity market movement.
A widening field The Platinum launch comes as fund house interest in the SIF category continues to widen: in May 2026, both 360 ONE Asset's DynaSIF and Jio BlackRock's newly announced Prism SIF filed draft papers with SEBI for equity and hybrid schemes respectively, suggesting the roster of large AMCs building out SIF platforms was still expanding even as Mirae Asset's own debut product entered the market. Distributors note that while the SIF category's overall track record remains short, the steady stream of new, well-resourced entrants continues to lend the segment credibility as a genuine, maturing addition to India's investment landscape.