Mirae launches new SIF, eyes global equity via GIFT City

Mirae Asset Investment Managers India on Thursday launched ‘Platinum’, a new identity created to house its range of Specialized Investment Funds (SIFs), starting with an equity-focused fund. This marks the fund house’s formal entry into the SIF segment, which blends the structural transparency of mutual funds with the strategic flexibility of Portfolio Management Services (PMS). Structured under the Securities and Exchange Board of India’s (SEBI) SIF framework, these funds allow fund managers to pursue a wide array of strategies across equity, debt and hybrid categories. The minimum investment required in an SIF is Rs 10 lakh. “Our core strength lies in equities. We are widely recognised for managing robust equity-oriented fu