Description

MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY ENERGY ETF NFO from October 31, 2025 to November 04, 2025 on BSE StAR MF Platform with tentative allotment on November 07, 2025.

Summary

MIRAE ASSET Mutual Fund is launching MIRAE ASSET NIFTY ENERGY ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be available from October 31, 2025 to November 04, 2025, with a tentative allotment date of November 07, 2025. Both regular and direct plan growth options will be offered under the equity category.

Key Points

  • Scheme Name: MIRAE ASSET NIFTY ENERGY ETF (Regular and Direct Plan Growth)
  • Scheme Category: EQUITY
  • NFO Period: October 31, 2025 to November 04, 2025
  • Extended Trading Hours: NFO extended till 6:00 PM on November 04, 2025 for lumpsum purchases only
  • Tentative Allotment Date: November 07, 2025
  • Platform: BSE StAR MF Platform
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Pending transactions remain in system till 3:00 PM on last NFO payout day or T+5, whichever is earlier

Regulatory Changes

No regulatory changes announced. This is a standard product launch notification.

Compliance Requirements

  • Clear Funds Deadline: Members must ensure clear funds are available in ICCL Account by 6:00 PM on November 06, 2025
  • Payment Methods: Cheques and OTM (One Time Mandate) payments acceptable during NFO period, subject to receipt of clear funds in ICCL account by 6:00 PM on November 06, 2025
  • Switch Transactions: Switches accepted during NFO period only if funds received on or before allotment date (November 07, 2025). Funds received after allotment date will not be considered
  • Cancelled Transactions: Transactions without client fund initiation by 9:00 AM on T+1 day (including extended period transactions) will be cancelled with CC and N flag reported to RTA/AMC

Important Dates

  • October 31, 2025: NFO opening date
  • November 04, 2025: NFO closing date (extended till 6:00 PM for lumpsum purchases)
  • November 06, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • November 07, 2025: Tentative allotment date
  • T+1 Day, 9:00 AM: Deadline for client fund initiation (transactions without funds will be cancelled)
  • T+5 or Last NFO Payout Day, 3:00 PM: Deadline for pending transactions (whichever is earlier)

Impact Assessment

Market Impact: Low - This is a routine NFO launch for a sector-specific ETF tracking NIFTY ENERGY index. It expands investment options for market participants interested in energy sector exposure through the ETF route.

Operational Impact: Low to Medium for BSE StAR MF Platform members - Members need to ensure compliance with fund settlement timelines and inform clients about the specific payment and switch transaction requirements during the NFO period. The extended trading hours till 6:00 PM on the last day provides additional convenience for lumpsum investments.

Impact Justification

Routine NFO launch announcement for mutual fund platform participants with standard procedural guidelines