Mirae Asset Mutual Fund has submitted a draft Investment Strategy Information Document (ISID) for the Platinum Sectoral Debt Long-Short Fund under its Platinum Specialised Investment Fund (SIF).
The proposed scheme is an interval investment strategy that will invest in debt and money market instruments across at least 2 sectors. It will also be allowed to take limited short positions through debt derivatives.
The draft classifies the strategy as one with moderate interest rate risk and relatively high credit risk.
The draft document says the fund will invest 50% to 75% of its assets in debt and money market instruments issued by the financial services sector.
Another 25% to 50% may be invested in debt instruments from other sectors such as services, construction, consumer services, power, chemicals, realty and metals and mining. The strategy can also invest up to 20% in InvIT units and take unhedged short exposure through debt derivatives of up to 25% of net assets.
Exposure to a single sector will not exceed 75% of the portfolio.
Subscriptions will be accepted on all business days, while redemptions will be available once every year during the specified transaction period.
The scheme will offer Regular and Direct Plans, each with Growth and Income Distribution cum Capital Withdrawal (IDCW) options. The minimum application amount is ₹1 lakh.
Investors will also be required to maintain a minimum aggregate investment of ₹10 lakh across all investment strategies under the Platinum SIF.
The proposed benchmark for the strategy is the CRISIL Composite Credit Risk Index. According to the draft, the units are proposed to be listed on NSE and BSE after allotment.
The exit load will be 3% for redemptions within one year, 2% after one year but before two years, 1% after two years but before three years and nil thereafter.
The draft also states that the investment objective may not necessarily be achieved.
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The draft document sets out the fund's investment objective, asset allocation, subscription terms and risk framework. The strategy will move ahead once the required approvals and launch schedule are finalised.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 23, 2026, 3:20 PM IST
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