Abstract: A brand new fund class sits between mutual funds and AIF. The minimal ticket is Rs 10 lakh. The technique runs three issues directly: fairness with guardrails, arbitrage and debt.
Mirae Asset Mutual Fund has launched a brand new fund that doesn’t match neatly into the same old classes. The Platinum Hybrid Lengthy-Brief Fund sits beneath the specialised funding fund (SIF) framework, a comparatively new class positioned between standard mutual funds and various funding funds (AIFs), that are sometimes reserved for institutional or high-net-worth buyers.
The minimal funding is Rs 10 lakh, which locations it firmly outdoors the attain of most retail buyers. The NFO opens on Might 20, 2026 and closes on June 3, 2026. That stated, here’s what it does and what to make of it.
How the Platinum Hybrid Lengthy-Brief Fund is structured
Managed by Gaurik Shah, who brings almost 20 years of expertise throughout public markets and various methods, the fund runs three methods concurrently, every doing a special job.
The primary is managed fairness publicity between 5 and 70 per cent of the portfolio. Reasonably than merely shopping for shares and hoping they rise, the fund makes use of collar methods, a method that limits each the upside and the draw back of an fairness place by combining various kinds of choices contracts. It additionally targets particular conditions—firms going by occasions like mergers, restructurings or regulatory modifications that may create a pricing alternative unbiased of the broader market.
The second is arbitrage, additionally between 5 and 70 per cent. Arbitrage includes concurrently shopping for and promoting the identical inventory in several markets or types to seize a small, comparatively predictable worth distinction. It’s largely market-neutral, which means returns don’t rely on whether or not the market goes up or down.
The third is high-quality debt, between 25 and 35 per cent. That is the secure anchor of the portfolio, invested in bonds and fixed-income devices that generate regular curiosity earnings no matter what fairness markets do.
Collectively, the three layers are designed to generate returns which can be much less depending on market route than a standard fairness fund and fewer risky.
The place the SIF class stands
The SIF class remains to be discovering its footing. In April 2026, it recorded internet inflows of Rs 1,219 crore, taking complete property beneath administration to Rs 12,329 crore throughout 16 schemes and over 50,000 folios. Hybrid long-short funds led with inflows of Rs 651 crore, adopted by equity-oriented methods at Rs 478 crore.
Fund home curiosity is widening. In Might, 360 ONE Asset’s Dyna SIF and Jio BlackRock’s Prism SIF filed with the regulator for fairness and hybrid schemes, respectively. Extra gamers are testing the waters even because the class works to ascertain a significant monitor report.
What buyers ought to know
The enchantment of a fund like that is actual. Nevertheless, the SIF class is new, monitor information are brief and the complexity of those methods means efficiency might be more durable to guage than an easy fairness or debt fund. For buyers, the class is one to observe because it matures.
Additionally learn: Franklin Templeton steps into SIF with a long-short fund
