Mirae Asset opens Platinum Hybrid Long-Short NFO May 20, betting on SIF category's 6x surge
Mirae Asset's new Platinum Hybrid Long-Short Fund enters a SIF market that ballooned from ₹2,010 cr in Oct 2025 to ₹12,329 cr in April 2026. Hybrid long-short strategies command 74% share with avg folio size of ₹47.5 lakh. NFO runs May 20-June 3 with ₹10 lakh minimum ticket.
What happened
Mirae Asset Mutual Fund · Mirae Asset launches Platinum Hybrid Long-Short Fund under SIF platform, NFO May 20-June 3, 2026. Combines arbitrage, hedged
Key facts
- NFO open May 20-June 3, 2026
- SIF AUM ₹12,329 cr April 2026
- SIF AUM ₹2,010 cr Oct 2025
- Hybrid long-short ₹9,155 cr (74%)
- Equity-oriented ₹3,174 cr (26%)
- 50,096 folios
- Avg folio ₹24.6 lakh
- Long-short avg ₹47.5 lakh
- April net inflows ₹1,219 cr
- Min investment ₹10 lakh
- Equity 5-70%
- Debt 25-35%
Why this matters
SIF's 6x AUM trajectory validates the regulatory category and positions Mirae alongside peers building accredited-investor platforms—watch for AMC M&A or platform partnerships as mid-tier players seek SIF licenses to access the ₹47.5 lakh avg-folio wealth tier.