Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under the newly introduced Specialised Investment Fund (SIF) category. According to reports from Mint, Angel One, and Business Today, the new fund offer (NFO) will open from May 20 to June 3, 2026. The fund is designed to offer conservative investors risk-adjusted returns through hedged equity, arbitrage and debt exposure, with a primary objective of securing relatively stable returns over a one-to two-year investment horizon. As reported by Mirae Asset, the fund will use a mix of arbitrage positions, protected derivative strategies and accrual debt investments to seek stable returns across market cycles, with the fund positioned to deliver returns across market phases through debt and arbitrage stability, yield enhancement through collar strategy and special situations.
The fund's investment strategy focuses on equity and debt securities with limited short exposure through derivatives. According to Mirae Asset, the strategy maintains a controlled equity exposure of 5-70%, fully hedged arbitrage exposure of 5-70%, and debt exposure of 25-35%. Gaurik Shah, SVP – Equity Investments at Mirae Asset Investment Managers (India), explained that the three-tier structure is intended to provide lower drawdowns compared with hybrid funds that maintain unhedged directional equity exposure. The fund will achieve stability through debt and arbitrage, yield enhancement through collar strategy and special situations, with the three-tiered structure making it agile while providing relatively lower drawdowns versus hybrid funds with unhedged directional equity exposure. The strategy will use derivative positions mainly for hedging and limited yield enhancement, with the portfolio structure designed to limit sharp downside movements.
The launch comes as SIF assets have crossed ₹12,000 crore within months, with hybrid long-short strategies emerging as the dominant segment in the category. According to Business Today, this rapid growth reflects rising investor interest in alternative-style mutual fund strategies. A Specialised Investment Fund (SIF) represents a new investment category introduced between mutual funds and alternative investment funds (AIFs). The minimum investment amount under the category is ₹10 lakh at the PAN level across all strategies offered by the SIF platform. The fund will be benchmarked against the Nifty 50 Hybrid Composite Debt 50:50 Index and will have an exit load of 1% applicable if redeemed within 90 days from the date of allotment, with nil exit load if redeemed after 90 days. For SIP investments, the minimum amount is ₹50,000 in multiples of ₹1, with the condition that the minimum investment amount by an investor should not be less than ₹10 lakh.
The scheme will be managed by Gaurik Shah, Senior Vice President – Equity Investments at Mirae Asset Investment Managers (India), who oversees quantitative and derivatives-based investment strategies. As reported by Mint, Angel One, and Business Today, the offering is targeted at conservative investors seeking relatively stable returns and lower downside risk over a medium-term horizon. Vaibhav Shah, Head of Products, Business Strategy and International Business at Mirae Asset Investment Managers (India), stated that the SIF category is intended to bridge the gap between retail mutual fund products and investment offerings typically available to high-net-worth investors. The fund house emphasized that the strategy is designed to focus on risk-adjusted returns across market cycles, with debt and arbitrage positions aimed at stability and derivative strategies intended for yield enhancement, positioning the fund to fill the product gap of generating fixed income-like returns in a tax efficient manner.
