Description
MIRAE ASSET MUTUAL FUND launches new Gold Silver Passive Fund of Funds NFO with SIP facility from August 11-25, 2025.
Summary
MIRAE ASSET MUTUAL FUND is launching MIRAE ASSET GOLD SILVER PASSIVE FOF (Fund of Funds) as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from August 11, 2025 to August 25, 2025. The scheme offers 6 variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO period: August 11-25, 2025
- 6 scheme variants available (Regular/Direct plans with Growth/IDCW options)
- All schemes have tentative allotment date of August 29, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 26, 2025
- Extended trading till midnight on August 25, 2025 for lumpsum purchases only
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes mentioned. This is a standard NFO launch notification.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
- Transactions without fund initiation will be cancelled with N flag reported to RTA/AMC
- Clear funds must be available in ICCL Account by 6:00 PM on August 26, 2025
- SIP authentication must be completed before 3:00 PM on NFO closure date
Important Dates
- NFO Start Date: August 11, 2025
- NFO End Date: August 25, 2025
- Clear Funds Deadline: August 26, 2025 (6:00 PM)
- Tentative Allotment Date: August 29, 2025
- Extended Trading: Till midnight on August 25, 2025 (lumpsum only)
- SIP Authentication Deadline: 3:00 PM on August 25, 2025
Impact Assessment
Minimal market impact as this is a routine mutual fund NFO launch. Provides investors with exposure to gold and silver through a fund of funds structure. Standard operational procedures apply with specific timelines for fund settlement and allotment.
Impact Justification
Routine mutual fund NFO launch with standard operational details