Description
MIRAE ASSET MUTUAL FUND launches Platinum Hybrid Long-Short Fund (SIF) NFO on BSE StAR MF Platform from May 20 to June 3, 2026, with tentative allotment date of June 10, 2026.
Summary
BSE has announced the launch of a New Fund Offer (NFO) for MIRAE ASSET MUTUAL FUND’s Platinum Hybrid Long-Short Fund under the Specialized Investment Funds (SIF) category on the BSE StAR MF Platform. The NFO opens on May 20, 2026, and closes on June 3, 2026, with SIP facility also available.
Key Points
- NFO period: May 20, 2026 to June 3, 2026 for six scheme variants under Platinum Hybrid Long-Short Fund
- Six schemes offered: Regular and Direct plans each with Growth, IDCW Payout, and IDCW Reinvestment options
- All six schemes fall under HYBRID (NC) category
- ISINs assigned: INF769K30019, INF769K30035, INF769K30027, INF769K30043, INF769K30068, INF769K30050
- SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on June 3, 2026
- Lumpsum purchases extended till midnight on June 3, 2026 on BSE StAR MF Platform
Regulatory Changes
This notice references the earlier circular 20260519-10 regarding introduction of Specialized Investment Funds (SIF) by MIRAE ASSET on BSE StAR MF. No new regulatory changes are introduced; this is an operational launch notification under existing SIF framework.
Compliance Requirements
- Members (distributors/participants) must ensure clients initiate funds by 9:00 AM on T+1 day; failing this, transactions will be cancelled and CC with ‘N’ flag will be reported to RTA/AMC
- Transactions with client-initiated payments remain pending until 3:00 PM on the last day of funds pay-out to AMC or T+5 day, whichever is earlier
- Clear funds must be available in the ICCL account by 6:00 PM on June 9, 2026 for allotment eligibility
- Cheque and OTM payments accepted during NFO period subject to clear funds in ICCL account by 6:00 PM on June 9, 2026
Important Dates
- May 20, 2026: NFO opens on BSE StAR MF Platform
- June 3, 2026: NFO closes; SIP/XSIP authentication deadline at 3:00 PM; Lumpsum purchases accepted till midnight
- June 9, 2026: Clear funds must be available in ICCL account by 6:00 PM
- June 10, 2026: Tentative allotment date for all six schemes
Impact Assessment
This notice is relevant primarily to BSE StAR MF platform members and their clients interested in hybrid long-short strategies under the SIF framework. The six scheme variants provide flexibility across Regular/Direct plans and income distribution options. The SIF product category represents a newer investment vehicle, and this NFO expands the available product range on BSE’s mutual fund platform. Operational impact is limited to platform participants managing transaction timelines and fund settlement for this NFO.
Impact Justification
Operational notice relevant to mutual fund distributors and investors on BSE StAR MF platform; introduces a new SIF product category from MIRAE ASSET but limited to specific platform participants.