Description

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

Summary

MIRAE ASSET MUTUAL FUND is launching MIRAE ASSET INFRASTRUCTURE FUND as a New Fund Offering (NFO) with SIP facility on the BSE StAR MF Platform. The NFO will be available from November 17, 2025 to December 01, 2025, with a tentative allotment date of December 05, 2025. Six plan variants are being offered including regular and direct plans with growth, IDCW payout, and IDCW reinvestment options.

Key Points

  • Six scheme variants offered: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes categorized as EQUITY with unique ISINs ranging from INF769K01PS0 to INF769K01PW2
  • NFO extended till midnight on December 01, 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 December 04, 2025
  • Cheques and OTM payments acceptable during NFO period subject to fund clearance deadline
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This is an operational notification for a new mutual fund offering.

Compliance Requirements

  • Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions with client-initiated payment remain pending until 3:00 PM on last day of fund payout or T+5, whichever is earlier
  • Clear funds must be in ICCL Account by 6:00 PM on December 04, 2025 for unit allotment
  • Switch transactions must receive funds on or before allotment date; late funds will not be considered for allotment
  • SIP/XSIP registrations require client authentication before 3:00 PM on December 01, 2025

Important Dates

  • November 17, 2025: NFO opening date
  • December 01, 2025: NFO closure date (extended till midnight for lumpsum purchases)
  • 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 for all scheme variants

Impact Assessment

This NFO launch has minimal market impact as it is a routine mutual fund offering announcement. The impact is limited to:

  • Platform Impact: Operational update for BSE StAR MF Platform members and participants
  • Investor Access: Provides investment opportunity in infrastructure-focused equity fund through both regular and direct plans
  • Operational Impact: Members need to coordinate payment timelines and authentication processes for successful NFO participation
  • Market Segment: Affects mutual fund distribution segment only, with no broader equity market implications

Impact Justification

Routine NFO launch notification for mutual fund platform with standard operational details for members