Description
MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY SMALLCAP 250 ETF NFO on BSE StAR MF Platform from October 31 to November 4, 2025, with allotment on November 7, 2025.
Summary
MIRAE ASSET Mutual Fund is launching the MIRAE ASSET NIFTY SMALLCAP 250 ETF as a New Fund Offer (NFO) on BSE StAR MF Platform. The NFO will be available from October 31, 2025, to November 4, 2025, with tentative allotment scheduled for November 7, 2025. Both regular and direct plan options are available for this equity category ETF.
Key Points
- NFO period: October 31, 2025 to November 4, 2025
- Two scheme options available: Regular Plan and Direct Plan
- Scheme category: Equity
- Tentative allotment date: November 7, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Transactions with initiated payment remain pending until 3:00 PM on last payout day or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on November 6, 2025
- NFO extended till 6:00 PM on November 4, 2025 for lumpsum purchases only
- 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 client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be available in ICCL Account by 6:00 PM on November 6, 2025 for allotment
- For switches during NFO period, funds must be received on or before allotment date; late receipt will result in non-allotment
- Cheques and OTM payments must result in clear funds by November 6, 2025, 6:00 PM deadline
Important Dates
- October 31, 2025: NFO opening date
- November 4, 2025: NFO closing date (extended till 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, 9:00 AM: Deadline for client fund initiation (else transaction cancelled)
- T+5 or last payout day, 3:00 PM: Pending transaction expiry (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch that provides investment opportunities in Nifty Smallcap 250 segment but does not affect existing market operations or trading rules.
Operational Impact: Low to Medium for BSE StAR MF platform members - Members need to manage NFO subscriptions, ensure timely fund collection from clients, and adhere to specific cutoff times for fund availability. The extended trading hours till 6:00 PM on closing date requires operational readiness.
Investor Impact: Low - Provides new investment avenue in smallcap equity segment through ETF structure with both regular and direct plan options. Standard NFO procedures apply.
Impact Justification
Routine NFO launch notification for mutual fund members with standard operational procedures and timelines