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2026-05-13 05:52:32 pm | Source: PR Agency
Platinum SIF brought to you by Mirae Asset Mutual Fund Launches Platinum Hybrid Long-Short Fund
Platinum SIF brought to you by Mirae Asset Mutual Fund Launches Platinum Hybrid Long-Short Fund
Platinum SIF brought to you by Mirae Asset Mutual Fund, today announced the launch of its Platinum Hybrid Long-Short Fund. The New Fund Offer (NFO) for the fund will be open for subscription from May 20, 2026 to June 3, 2026.
 
SIF is a new asset class, positioned between mutual funds and alternative investment fund (AIF). The minimum investment amount is Rs 10 lakh at the Permanent Account Number (‘PAN’) level, across all investment strategies offered by the SIF.
 
“The SIF provides investors access to specialised strategies alongside the safety and transparency of mutual fund,” said Neelesh Surana, CIO, Mirae Asset Investment Managers (India) Private Limited. “The fund shall seek to provide higher flexibility in strategy and allocation across debt, equity & derivatives instruments.”
 
Positioned to deliver risk-adjusted returns, the fund seeks to deliver returns across market phases. The fund will achieve stability through debt & arbitrage, yield enhancement through collar strategy & special situations. The fund is positioned to deliver risk-adjusted returns across market phases.
 
The Platinum Hybrid Long-Short Fund will be managed by Gaurik Shah, SVP – Equity Investments – who has nearly two decades of experience across public markets and alternative strategies, specialising in quantitative investing, market neutral frameworks, and derivative driven portfolio design.
“Platinum Hybrid Long-Short Fund will have controlled equity exposure between 5-70% that includes collar strategy and special situations, fully hedged exposure through arbitrage in the range of 5-70% and high-quality accrual debt exposure in the range of 25-35%,” said Gaurik Shah, SVP – Equity Investments, Mirae Asset Investment Managers (India) Private Limited. “The three-tiered structure not just makes it agile but also provides relatively lower drawdowns vs hybrid funds with unhedged directional equity exposure.”
 
The fund is suitable for conservative investors seeking relatively stable returns across market phases and coming to the market with a time horizon of 1 to 2 years and more. The fund is also for investors seeking better downside protection vs hybrid funds with directional equity exposure.
 
“Platinum SIF is being launched with a purpose to fill a gap between retail investors and high net-worth investors. The first fund, Platinum Hybrid Long-Short Fund is positioned to fill the product gap of
generating fixed income sort of returns in a tax efficient. SEBI safeguards allow SIFs to use derivatives smartly, helping fund houses manage risk better and offer innovative product.” said Vaibhav Shah, Head - Products, Business Strategy and International Business, Mirae Asset Investment Managers (India) Private Limited.
 

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