Description

MIRAE ASSET MUTUAL FUND launching MIRAE ASSET INFRASTRUCTURE FUND - NFO with SIP facility on BSE StAR MF Platform from November 17 to December 01, 2025.

Summary

BSE announces the launch of MIRAE ASSET INFRASTRUCTURE FUND - NFO (New Fund Offer) with SIP (Systematic Investment Plan) facility on the BSE StAR MF Platform. The NFO will be available from November 17, 2025, to December 01, 2025, with six plan variants covering regular and direct plans with growth and IDCW (Income Distribution cum Capital Withdrawal) options. The tentative allotment date is December 05, 2025.

Key Points

  • NFO Period: November 17, 2025 to December 01, 2025
  • Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
  • All schemes categorized under EQUITY
  • Tentative allotment date: December 05, 2025
  • Extended trading till midnight on December 01, 2025 for lumpsum purchases only
  • Clear funds must be available in ICCL Account by 6:00 PM on December 04, 2025
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
  • Transactions without initiated funds by 9:00 AM on T+1 will be cancelled
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Clear funds must be available in ICCL Account by 6:00 PM on December 04, 2025 for unit allotment
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on December 01, 2025
  • Pending transactions will remain in system until 3:00 PM on last payout day or T+5, whichever is earlier
  • Switch transactions must receive funds on or before allotment date to be considered for allotment

Important Dates

  • November 17, 2025: NFO opening date
  • December 01, 2025: NFO closing date (extended till midnight for lumpsum purchases only)
  • December 01, 2025, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • December 04, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • December 05, 2025: Tentative allotment date

Impact Assessment

Limited impact - affects only BSE StAR MF Platform members and investors interested in infrastructure sector mutual funds. The circular provides operational guidelines for processing NFO transactions and ensures proper fund settlement procedures. Standard NFO launch with no market-wide implications or changes to existing trading mechanisms.

Impact Justification

Routine NFO launch notification for mutual fund platform. Impacts only mutual fund distributors and investors interested in infrastructure sector funds. No regulatory changes or market-wide implications.