Description

MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY SMALLCAP 250 ETF NFO 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 the BSE StAR MF Platform. The NFO period runs from October 31, 2025, to November 4, 2025, with tentative allotment scheduled for November 7, 2025. Both regular and direct plan options are available under the equity category.

Key Points

  • NFO opens October 31, 2025 and closes November 4, 2025
  • Two schemes available: MIRAE ASSET NIFTY SMALLCAP 250 ETF and MIRAE ASSET NIFTY SMALLCAP 250 ETF - DIRECT PLAN
  • Both schemes categorized under EQUITY
  • Tentative allotment date: November 7, 2025
  • Extended trading hours available till 6:00 PM on November 4, 2025 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 day 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 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 cancellation with N flag reporting to RTA/AMC
  • Pending transactions remain in system until 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 6, 2025 for allotment
  • Switch transactions must have funds received on or before allotment date (November 7, 2025) to be considered for allotment

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: Deadline for clear funds in ICCL Account by 6:00 PM
  • November 7, 2025: Tentative allotment date

Impact Assessment

This is a routine mutual fund NFO launch with limited market impact. It provides investment opportunities in the Nifty Smallcap 250 index segment for investors using the BSE StAR MF platform. The announcement primarily affects mutual fund distributors and investors interested in smallcap ETF exposure through MIRAE ASSET Mutual Fund products. No impact on stock trading or broader market operations.

Impact Justification

Routine NFO launch announcement for mutual fund investors on BSE StAR MF platform with standard subscription and payment procedures