Description

MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY ENERGY ETF NFO from October 31 to November 4, 2025 on BSE StAR MF Platform with tentative allotment on November 7, 2025.

Summary

MIRAE ASSET Mutual Fund will launch MIRAE ASSET NIFTY ENERGY ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from October 31, 2025 to November 4, 2025. The NFO includes both regular and direct growth plans under the equity category, with tentative allotment scheduled for November 7, 2025. The offering will be extended until 6:00 PM on November 4, 2025 for lumpsum purchases only.

Key Points

  • Two scheme options available: MIRAE ASSET NIFTY ENERGY ETF and MIRAE ASSET NIFTY ENERGY ETF - DIRECT PLAN GROWTH
  • Both schemes categorized as EQUITY
  • NFO period: October 31, 2025 to November 4, 2025
  • Extended trading hours until 6:00 PM on November 4, 2025 for lumpsum purchases only
  • Tentative allotment date: November 7, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on November 6, 2025
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt by deadline

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid cancellation
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Transactions with initiated payment remain pending until 3:00 PM on last day of funds payout or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 6, 2025 for allotment
  • Switches accepted during NFO period only if funds received on or before allotment date
  • Funds for switch out schemes received after NFO allotment date will not be considered for allotment

Important Dates

  • October 31, 2025: NFO opening date
  • November 4, 2025: NFO closing date (extended until 6:00 PM for lumpsum purchases)
  • November 6, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • November 7, 2025: Tentative allotment date
  • T+1 day, 9:00 AM: Deadline for client-initiated funds to avoid cancellation
  • T+5 or last payout day, 3:00 PM: Deadline for pending transactions with initiated payment

Impact Assessment

Market Impact: Low - This is a routine NFO launch for a sector-specific ETF tracking the Nifty Energy index. The launch provides investors with exposure to the energy sector through a passive investment vehicle.

Operational Impact: Medium for BSE StAR MF Platform members - Members need to ensure proper processing of NFO transactions, adherence to fund collection deadlines, and compliance with cancellation procedures for unfunded transactions. The extended trading hours and specific fund settlement requirements require operational attention.

Investor Impact: Low to Medium - Provides new investment opportunity in energy sector through ETF structure with both regular and direct plan options. Investors must be aware of strict payment timelines to secure allotment.

Impact Justification

Routine NFO launch announcement for a sector ETF with standard operational procedures and limited market-wide impact