Description
MIRAE ASSET MUTUAL FUND launches new Gold Silver Passive Fund of Funds 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/direct plans with different dividend options.
Key Points
- NFO period: August 11-25, 2025
- 6 scheme variants available (Regular/Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options)
- SIP facility available during NFO period
- Tentative allotment date: August 29, 2025
- Extended trading till midnight on August 25, 2025 for lumpsum purchases only
Regulatory Changes
No regulatory changes introduced. This is an operational notice for a new fund offering.
Compliance Requirements
- Members must ensure clear funds availability in ICCL Account by 6:00 PM on August 26, 2025
- Transactions without client-initiated funds till 9:00 AM on T+1 will be cancelled
- Pending transactions remain in system till 3:00 PM on last NFO day or T+5, whichever is earlier
- SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
Important Dates
- NFO Start: August 11, 2025
- NFO End: August 25, 2025 (extended till midnight for lumpsum)
- Clear Funds Deadline: August 26, 2025 (6:00 PM)
- Tentative Allotment: August 29, 2025
- SIP Authentication Deadline: August 25, 2025 (3:00 PM)
Impact Assessment
Medium impact on mutual fund segment participants. New investment opportunity in gold and silver passive strategy. Operational requirements for BSE StAR MF platform members to facilitate client investments and ensure compliance with fund collection timelines.
Impact Justification
New mutual fund offering with specific operational requirements for members and investors