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 variants across regular and direct plans with different dividend options.

Key Points

  • NFO period: August 11, 2025 to August 25, 2025
  • 6 scheme variants available (Regular/Direct plans with Growth/IDCW Payout/IDCW Reinvestment 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 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions without fund initiation will be cancelled with N flag reported to RTA/AMC
  • Clear funds availability required in ICCL Account by 6:00 PM on August 26, 2025
  • Cheques and OTM payments acceptable subject to clear funds receipt by deadline
  • Switch transactions must receive funds on or before allotment date for consideration

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 at 6:00 PM
  • Tentative Allotment Date: August 29, 2025
  • SIP Authentication Deadline: August 25, 2025 at 3:00 PM

Impact Assessment

Low impact routine NFO launch affecting only mutual fund segment participants. Standard operational procedures apply with no broader market implications. Provides additional investment option for Fund of Funds category investors.

Impact Justification

Routine NFO launch notification affecting only mutual fund segment with standard operational procedures