Description

MIRAE ASSET MUTUAL FUND launches MIRAE ASSET MULTI FACTOR PASSIVE FOF NFO with SIP facility from August 11-25, 2025 on BSE StAR MF Platform.

Summary

MIRAE ASSET MUTUAL FUND will launch MIRAE ASSET MULTI FACTOR 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 plan 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)
  • Tentative allotment date: 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 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes mentioned.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions with initiated payments remain pending until 3:00 PM on last day of NFO or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on August 26, 2025 for unit allotment
  • Cheques & OTM payments acceptable subject to clear funds receipt by August 26, 2025
  • Switch transactions must receive funds by allotment date for NFO consideration

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
  • SIP Authentication Deadline: August 25, 2025 (3:00 PM)
  • Extended Trading: Until midnight on August 25, 2025 (lumpsum only)

Impact Assessment

Low impact operational circular providing standard NFO launch procedures for BSE StAR MF Platform participants. Affects mutual fund distributors and investors interested in passive fund-of-funds investment options. No significant market or regulatory implications beyond routine fund launch activities.

Impact Justification

Standard NFO launch notification with operational details for mutual fund platform users