Description
MIRAE ASSET MULTI FACTOR PASSIVE FOF scheme reopens for ongoing subscription, redemption, SIP, STP & SWP transactions effective September 1, 2025.
Summary
MIRAE ASSET MULTI FACTOR PASSIVE FOF scheme has been reopened for ongoing transactions on BSE StAR MF Platform effective September 1, 2025. The fund-of-funds scheme, which completed its New Fund Offer (NFO) period, now offers subscription, redemption, SIP, STP, and SWP facilities across six different plan options.
Key Points
- MIRAE ASSET MULTI FACTOR PASSIVE FOF reopens for ongoing transactions from September 1, 2025
- Available on BSE StAR MF Platform with full transactional capabilities
- Offers subscription, redemption, SIP, STP & SWP facilities
- Six scheme variants available covering Regular and Direct plans with Growth and IDCW options
- Fund-of-funds (FOF) category focusing on multi-factor passive investing strategy
Regulatory Changes
No regulatory changes introduced. This is a standard operational update following completion of the NFO period.
Compliance Requirements
- Members must update their systems to accommodate the reopened scheme transactions
- All standard mutual fund transaction compliance requirements apply
- Proper ISIN codes must be used for each scheme variant
Important Dates
- Effective Date: September 1, 2025 - Scheme reopens for ongoing transactions
- Notice Date: August 29, 2025
Impact Assessment
Limited market impact as this is a routine reopening of a mutual fund scheme. Provides investors with additional passive investment options through a multi-factor fund-of-funds strategy. Expected to have minimal effect on overall market operations but expands investment choices for retail and institutional investors seeking diversified passive exposure.
Impact Justification
Routine reopening of mutual fund scheme after NFO period with standard investment facilities