Platinum Hybrid Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Platinum Hybrid Long-Short Fund Direct Growth Plan currently has a NAV of ₹10.149 as of 17 Sep 2026 and scheme AUM of ₹369 Cr. Its 1-year, 3-year and 5-year returns are -0.54%, 0.56% and 0%, and the fund sits in the Low Risk category.

Our view is that this looks like a relatively defensive hybrid option with modest recent movement and limited live history. The combination of a low-risk profile, a large cash and short-duration allocation, and return figures that have stayed close to flat suggests a fund better suited to investors who want steadier behaviour than the benchmark rather than fast upside.

Quick facts

Particular	Details
NAV	₹10.149 as of 17 Sep 2026
AUM	₹369 Cr
Expense Ratio	0.0%
Launch Date	10 Jun 2026
Min SIP	₹5,000
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Gaurik Shah

The fund is managed by Gaurik Shah.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.54%	-3.66%
3M	0.56%	-3.71%
1Y	-0.54%	-3.66%
3Y	0.56%	-3.71%
5Y	Data not available	Data not available

The fund has held up better than the benchmark over the short windows that are available. In 1 month, it slipped slightly while the benchmark declined more sharply, and in 3 months it was positive when the benchmark stayed negative. That tells us the portfolio has been comparatively resilient, even though the move higher has been small.

The live history is still very short, so the longer view is limited. The 1-year figure is still negative, which means the fund has not yet turned recent stability into meaningful one-year growth. At the same time, the 3-month figure is positive, so the near-term trend is better than the 1-month result and hints at some recovery after a softer patch.

Because the fund launched only in June 2026, the published 3-year and 5-year numbers do not represent long operating records in the usual sense. That makes the short-term pattern more important for interpretation. On that basis, the fund looks steadier than Nifty 50 in the periods available, but the scale of gains is still modest.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Platinum Hybrid Long-Short?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Platinum Hybrid Long-Short Fund Direct Growth Plan	-0.54%	0.56%	Data not available
PGIM India Multi Asset Allocation Fund Direct Growth Plan	Data not available	Data not available	Data not available
Titanium Hybrid Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available return figures, the current fund has a clearer short-term record than the peer entries shown here, where the published return fields are not available. That makes the comparison more useful for the fund’s own recent behaviour than for drawing a broad return hierarchy.

The fund’s 3-month strength relative to the benchmark is the more useful signal than the one-year figure, because the one-year number is still slightly negative. Since the peer return fields are not available in the comparison set, the main takeaway is that the fund’s short-window stability stands out more clearly than any longer-horizon distinction at this stage.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	7.99%
6.36% Government of India (MD 16/02/2031)	Government Securities	5.36%
7.35% Bharti Telecom Ltd. (MD 15/10/2027)**	Corporate Debt	4.02%
HDFC Bank Ltd.	Bank	2.83%
182 Days Treasury Bills (MD 03/09/2026)	Treasury Bills	2.70%
364 Days Treasury Bills (MD 17/12/2026)	Treasury Bills	2.66%
Axis Bank Ltd.	Bank	2.46%
Tata Steel Ltd.	Iron & Steel	2.41%
Sun Pharmaceutical Industries Ltd.	Healthcare	2.24%
Nestle India Ltd.	FMCG	2.17%

The largest visible holding is TREPS at 7.99%, which is meaningful for a low-volatility fund because it points to a liquidity-heavy stance. The tenth holding is 2.17%, so the drop from the largest position to the tenth is fairly measured rather than abrupt. That suggests no single equity or bond position dominates the disclosed top slice on its own.

The top 10 holdings account for approximately 34.84% of the portfolio, and the fund discloses 53 holdings overall. Our view is that this points to a spread-out structure rather than a tightly concentrated one, even though the holdings shown include both cash-like instruments and individual equities. The mix of government securities, treasury bills, corporate debt and banks may help keep day-to-day swings milder than in a pure equity fund.

That said, the visible list also shows that the largest weights are still clustered in cash and sovereign-linked instruments first, with equity exposure appearing lower down the table. For investors, that means the portfolio may be designed to prioritise steadier positioning and liquidity over aggressive concentration in one or two growth bets.

To see all holdings, visit the Platinum Hybrid Long-Short Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with low-risk hybrid positioning and are willing to accept modest return expectations in exchange for steadier behaviour. The available performance pattern shows only a small negative 1-year return and a slightly positive 3-month move, so the fund looks more appropriate for patience than for quick gains.

It also fits better as part of a broader allocation than as a return-chasing standalone idea. The benchmark comparison suggests the portfolio has been more resilient than Nifty 50 in the short periods shown, while the portfolio mix leans toward cash, government securities and treasury bills, which may dampen volatility. The main trade-off is simple: you give up the chance of sharper upside in return for a more controlled ride.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 1% if units are sold on or before 90 days; nil after 90 days.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Platinum Hybrid Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.149 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -0.54%, its 3-year return is 0.56%, and its 5-year return is Data not available.

How has it compared with Nifty 50 recently?
It has been steadier than Nifty 50 in the available short windows. The fund was less negative than the benchmark in 1 month and positive over 3 months while the benchmark stayed negative.

What is the minimum SIP amount?
The minimum SIP amount is ₹5,000.

What is the risk category?
The fund is tagged as Low Risk. That matches its heavier cash and sovereign-linked positioning in the disclosed top holdings.

What is the exit load and who manages the fund?
The exit load is 1% if units are sold on or before 90 days and nil after 90 days. The fund is managed by Gaurik Shah.

Bottom line

This fund’s short-term performance is steadier than its one-year figure suggests, and it has done better than Nifty 50 in the available recent windows. The portfolio also leans toward cash-like and sovereign-linked positions, which fits the Low Risk tag and may help limit swings. The trade-off is that returns have been modest so far, so the fund looks better aligned with investors who want controlled behaviour and a hybrid structure rather than a strong growth-led outcome.

Published on 18 September 2026 at 9:32 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.