Mirae Asset Announces Launch of Specialised Investment Fund - Platinum

Mirae Asset Investment Managers India has launched ‘Platinum’, a new identity created to house its Specialised Investment Funds (SIFs). The first offering under the ‘Platinum’ identity will be an equity-focused one, which makes sense given Mirae’s long-standing strength in equities.

The company is expected to file the offer document soon with SEBI for its first SIF scheme.

What Are SIFs? 

Specialised Investment Funds (SIFs) are investment products that combine the transparency of mutual funds with the flexibility of Portfolio Management Services (PMS). Regulated by SEBI, they allow fund managers to adopt diverse and strategic approaches across equity, debt, and hybrid assets, with a minimum investment of Rs. 10 lakh.

What Did the Company Say? 

“Our core strength lies in equities. We are widely recognised for managing robust equity-oriented funds,” said Vaibhav Shah, Head – Products, Business Strategy & International Business, Mirae Asset Investment Managers (India).

“Therefore, it makes strategic sense for us to begin our journey in SIFs with an equity-focused offering, followed by debt and hybrid products in subsequent phases.”

Not The First Fund House to Launch An SIF
Mirae isn’t the only one jumping into the SIF space. Edelweiss Mutual Fund has also announced plans to launch a hybrid fund under the same structure. So far, SEBI has approved seven different strategies under SIFs, providing fund houses with ample room to innovate.

Going Global Through Gift City 

Mirae Asset is also helping Indian investors tap into global markets through the GIFT City route. The company has recently launched the Mirae Asset Global Allocation Fund, a Category III Alternative Investment Fund (AIF) following the IFSC Authority’s rules.

This fund is designed for wealthy resident Indian investors who want to invest overseas — something that has been challenging due to regulatory limitations. “India makes up just 5% of the global market cap,” Shah pointed out. “So, it’s important for investors to consider markets like the US and China, where the remaining 95% lies.”

The fund plans to allocate approximately 50% of its assets to US equities and distribute the remainder across China, other emerging markets, and growth themes such as AI and semiconductors.

• Minimum investment:
  • $1.5 lakh (approx. Rs. 1.3 crore) for regular investors
  • $10,000 (approx. Rs. 8.5 lakh) for accredited investors
• It will act as a feeder fund into 3–4 international funds.
• Available under the Liberalised Remittance Scheme (LRS).

Good News for Retail Investors

Mirae Asset isn’t leaving retail investors out. It’s also planning to launch an outbound fund under LRS shortly. This will enable regular investors, not just high-net-worth individuals (HNIs) or accredited ones, to invest in global equities, giving more people the opportunity to diversify beyond India.

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