Description

MIRAE ASSET MUTUAL FUND_SIF has been activated on the BSE StAR MF Platform effective May 19, 2026, with the PLATINUM HYBRID LONG-SHORT FUND NFO scheme available for order routing from May 20, 2026.

Summary

BSE has informed members that MIRAE ASSET MUTUAL FUND_SIF has been activated on the BSE StAR MF Platform with effect from May 19, 2026, in accordance with SEBI’s Regulatory Framework for Specialized Investment Funds (SIF) circular dated February 27, 2025. The PLATINUM HYBRID LONG-SHORT FUND NFO scheme will be available for order routing from May 20, 2026.

Key Points

  • MIRAE ASSET MUTUAL FUND_SIF is live on BSE StAR MF Platform from May 19, 2026
  • Transactions for NRI and Minor investors are permitted under MIRAE ASSET MUTUAL FUND_SIF schemes
  • NRI applications are NOT accepted from investors in the United States of America and Canada
  • PLATINUM HYBRID LONG-SHORT FUND (NFO scheme) will be activated for order routing from May 20, 2026
  • Detailed transaction acceptance process under SIF is provided in Annexure III
  • Members may contact the Mutual Fund Helpdesk at 022-45720450 / 022-45720650 (8:00 a.m. to 7:00 p.m. on business days)

Regulatory Changes

This activation is pursuant to SEBI circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/26 dated February 27, 2025, which established the Regulatory Framework for Specialized Investment Funds (SIF). The SIF framework introduces a new category of investment vehicle with specific eligibility and threshold requirements.

Compliance Requirements

  • Members must note the country-level NRI investment restrictions: applications from investors based in the USA and Canada are not permitted under MIRAE ASSET MUTUAL FUND_SIF schemes
  • Members should follow the detailed transaction acceptance process outlined in Annexure III for SIF transactions on BSE StAR MF Platform
  • Minimum investment thresholds under SIF must be monitored as per Annexure II guidelines

Important Dates

  • May 19, 2026: MIRAE ASSET MUTUAL FUND_SIF activated on BSE StAR MF Platform
  • May 20, 2026: PLATINUM HYBRID LONG-SHORT FUND (NFO) activated for order routing on BSE StAR MF Platform

Impact Assessment

This notice primarily affects mutual fund distributors, registered members, and NRI investors transacting through the BSE StAR MF Platform. The addition of MIRAE ASSET’s SIF expands the range of specialized investment products available on the platform. NRI investors from the USA and Canada are excluded from participation. The new SIF framework, backed by SEBI regulation, may attract sophisticated investors seeking specialized strategies such as the PLATINUM HYBRID LONG-SHORT FUND. Operational impact is limited to platform members needing to update workflows for SIF transaction processing as per Annexure III guidelines.

Impact Justification

Operational notice relevant to mutual fund distributors and NRI investors using BSE StAR MF platform; introduces a new fund house under the SIF regulatory framework but has limited broad market impact.