Description

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

Summary

MIRAE ASSET Mutual Fund is launching the MIRAE ASSET NIFTY ENERGY ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from October 31, 2025, to November 04, 2025, with tentative allotment scheduled for November 07, 2025. The scheme is available in both regular and direct plan growth options under the equity category.

Key Points

  • NFO Period: October 31, 2025, to November 04, 2025
  • Scheme: MIRAE ASSET NIFTY ENERGY ETF (Regular and Direct Plan Growth)
  • Scheme Category: Equity
  • Tentative Allotment Date: November 07, 2025
  • Extended trading hours available till 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 available in ICCL Account by 6:00 PM on November 06, 2025
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt by deadline
  • Switches accepted during NFO period subject to fund receipt on or before allotment date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.

Compliance Requirements

  • Members must ensure transactions have client-initiated funds by 9:00 AM on T+1 day to avoid cancellation
  • Transactions with initiated payments will remain pending until 3:00 PM on the last day of fund pay-out 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
  • For cheque and OTM payments to be accepted, clear funds must be received in ICCL account by 6:00 PM on November 06, 2025
  • Switch transactions must have funds received on or before the allotment date; late receipts 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 Opens
  • November 04, 2025: NFO Closes (extended till 6:00 PM for lumpsum purchases)
  • November 06, 2025: Deadline for clear funds in ICCL Account (by 6:00 PM)
  • November 07, 2025: Tentative Allotment Date

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch that affects only participants interested in energy sector ETF investments through the MIRAE ASSET Mutual Fund platform.

Operational Impact: Low to Medium for BSE StAR MF Platform members. Members need to coordinate with clients to ensure timely fund initiation and payment settlement to avoid transaction cancellations. The specific timing requirements for fund availability and the restrictions on switch transactions require operational attention from distributors and brokers.

Investor Impact: Provides new investment opportunity in energy sector through NIFTY ENERGY ETF for both retail and institutional investors seeking passive exposure to the energy sector through ETF structure.

Impact Justification

Routine NFO launch announcement for mutual fund platform with no market-wide impact, relevant only to mutual fund distributors and investors interested in energy sector ETF