Platinum SIF by Mirae Asset has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch the Platinum Sectoral Debt Long-Short Fund. According to the draft Scheme Information Document (SID) filed with SEBI, the scheme will operate as an interval investment strategy designed to generate returns through long and short positions in debt securities across specific sectors.
The actively managed fund will predominantly invest in high-yield debt instruments, with the CRISIL Composite Credit Risk Index serving as its Tier-I benchmark. As reported by the draft documents, the scheme will dynamically adjust its exposure to credit and interest-rate risks based on prevailing market conditions. The investment strategy will predominantly participate in high-yield debt instruments, with the CRISIL Composite Credit Risk Index serving as its Tier-I benchmark.
The proposed scheme would be Mirae Asset's second offering in the fast-growing Specialised Investment Fund (SIF) segment and the first fund in this category. According to the draft papers filed with SEBI, subscriptions and switch-ins will be available at net asset value (NAV)-based prices on all business days, providing investors with flexible access to the fund's investment strategy.
The filing represents a significant development in India's Specialised Investment Fund segment, with the scheme designed to operate under SEBI's regulatory framework for interval investment strategies. The fund structure allows for both long and short positions in debt securities across specific sectors, positioning it as a flexible investment vehicle for credit and interest-rate risk exposure in the Indian debt market.
