Description
MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY SMALLCAP 250 ETF NFO from October 31 to November 04, 2025 on BSE StAR MF Platform with allotment on November 07, 2025.
Summary
MIRAE ASSET Mutual Fund is launching the MIRAE ASSET NIFTY SMALLCAP 250 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from October 31, 2025 to November 04, 2025. Both regular and direct plans will be available under the equity category with tentative allotment scheduled for November 07, 2025.
Key Points
- NFO period: October 31, 2025 to November 04, 2025
- Two schemes available: MIRAE ASSET NIFTY SMALLCAP 250 ETF and MIRAE ASSET NIFTY SMALLCAP 250 ETF - DIRECT PLAN
- Scheme category: EQUITY
- Tentative allotment date: November 07, 2025
- Extended trading hours available until 6:00 PM on November 04, 2025 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Clear funds must be in ICCL Account by 6:00 PM on November 06, 2025
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch following existing BSE StAR MF Platform procedures.
Compliance Requirements
- Members must ensure client-initiated fund payments by 9:00 AM on T+1 day to avoid transaction cancellation
- Transactions with initiated payments remain pending until 3:00 PM on the last payout day or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on November 06, 2025 for unit allotment
- Cheques and OTM payments accepted during NFO period only if clear funds received by 6:00 PM on November 06, 2025
- Switch transactions accepted during NFO only if funds received on or before allotment date; late funds will not be considered for allotment
- Cancelled transactions will be reported to RTA/AMC with CC and N flag
Important Dates
- October 31, 2025: NFO opening date
- November 04, 2025: NFO closing date (extended until 6:00 PM for lumpsum purchases)
- November 06, 2025: Clear funds deadline in ICCL Account (by 6:00 PM)
- November 07, 2025: Tentative allotment date
- T+1 day: Client fund initiation deadline (by 9:00 AM)
- T+5 or last payout day: Pending transaction resolution deadline (by 3:00 PM)
Impact Assessment
Market Impact: Low - This is a routine NFO launch that affects only mutual fund trading members on the BSE StAR MF Platform. No impact on broader equity markets.
Operational Impact: Medium for participating members - Members must manage client fund collection timelines, coordinate payment processing with strict deadlines, and ensure compliance with cancellation and reporting procedures. Extended trading hours until 6:00 PM on the last day provides additional flexibility for lumpsum purchases.
Investor Impact: Low - Provides new investment opportunity in smallcap segment through ETF structure with both regular and direct plan options for investors interested in NIFTY SMALLCAP 250 index exposure.
Impact Justification
Routine NFO launch announcement for mutual fund platform with standard operational procedures. Limited to mutual fund trading members and has no broader market impact.