Description
Mirae Asset Mutual Fund launching Gold Silver Passive FOF NFO with SIP facility from August 11-25, 2025 on BSE StAR MF Platform.
Summary
Mirae Asset Mutual Fund is launching the Gold Silver Passive Fund of Funds (FOF) as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from August 11-25, 2025. The NFO includes 6 scheme variants covering regular and direct plans with growth and dividend options.
Key Points
- NFO period: August 11-25, 2025
- Fund: Mirae Asset Gold Silver Passive FOF
- 6 scheme variants available (Regular/Direct plans with Growth/IDCW options)
- SIP facility available during NFO period
- Tentative allotment date: August 29, 2025
- Available on BSE StAR MF Platform
Regulatory Changes
No regulatory changes. Standard NFO launch procedures apply.
Compliance Requirements
- Clear funds must be available in ICCL Account by 6:00 PM on August 26, 2025
- Transactions without client fund initiation by 9:00 AM on T+1 will be cancelled
- SIP/XSIP registrations must be authenticated by 3:00 PM on NFO closure date
- Cheques & OTM payments acceptable subject to clear funds receipt by deadline
Important Dates
- NFO Start Date: August 11, 2025
- NFO End Date: August 25, 2025 (extended till midnight for lumpsum)
- Clear Funds Deadline: August 26, 2025 (6:00 PM)
- Tentative Allotment Date: August 29, 2025
- SIP Authentication Deadline: August 25, 2025 (3:00 PM)
Impact Assessment
Minimal market impact as this is a routine NFO launch for a passive fund of funds tracking gold and silver. Provides new investment avenue for investors interested in precious metals exposure through mutual funds. No direct impact on equity markets or trading operations.
Impact Justification
Routine NFO launch announcement for mutual fund platform with no direct equity market impact