SEBI has approved Debt long-short fund and Sectoral debt long-short fund besides hybrid category which includes active asset allocator long-short fund and hybrid long-short fund
Mirae Asset Investment Managers has received the capital market regulator SEBI’s approval for launching Specialised Investment Funds and plans to hit the market within this month.
The fund house plans to launch equity long short SIF under the newly launched Platinum brand and will file the Scheme Information Documents next week and hopes to hit the market after getting the approval. As part of skin-in-the-game regulations, it will invest ₹50 lakh in the SIF to be launched.
Equity long-short SIF has to make minimum allocation of 80 per cent to equity and equity-related instruments and maximum short exposure (un-hedged derivative positions) in equity and equity-related instruments will not be more than 25 per cent. The minimum investment has been pegged at ₹10 lakh.
Platinum brand
All the SIF products will be housed under the newly launched Platinum brand. SEBI has allowed three types of SIF equity strategies including Equity Long-Short fund, Equity Ex-top 100 Long-Short fund and Sector Rotation Long-Short fund.
On the debt side, SEBI has approved Debt long-short fund and Sectoral debt long-short fund besides hybrid category which includes active asset allocator long-short fund and hybrid long-short fund.
Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset AMC said the new brand Platinum will allow seasoned investors to explore sharper, strategy-led approaches with fund house focusing on investor clarity and transparency.
The fund house in the process of setting up a new investment team under Neelesh Surana, Chief Investment Officer, Mirae Asset Investment Managers.
Differentiated strategies
Vaibhav Shah, Head – Products, Business Strategy & International Business, Mirae Asset AMC said starting with equity long short, the fund house intents to expand product suite by exploring differentiated strategies within a structure investor already understand and trust
“Platinum will serve as a platform for innovation delivered with clarity, aligned to investor needs and grounded in the principles of the mutual fund format,” he said.
Mirae Asset AMC will explore the possibility of introducing new strategies under Platinum SIF across equity, hybrid and fixed income categories in this financial year, he added.
Mirae Asset Mutual Fund has asset under management of Rs 1.86 lakh crore as of March quarter and features among the fastest growing fund houses in India.
On the other business interest of Mirae Asset Investment Managers, Mohanty said the private equity arm has an asset under management of ₹2,368 crore six investment companies and expects couple of them including leading logistics player Shadowfax to hit the primary market this year.
This apart, it has invested ₹300 crore in commercial real estate and looking for more opportunities in this space.
Published on June 5, 2025
