Description

MIRAE ASSET Mutual Fund launches BSE 500 DIVIDEND LEADERS 50 ETF NFO from December 02-10, 2025 on BSE StAR MF Platform with allotment on December 15, 2025.

Summary

MIRAE ASSET Mutual Fund will launch the MIRAE ASSET BSE 500 DIVIDEND LEADERS 50 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from December 02-10, 2025, with tentative allotment on December 15, 2025. Both regular and direct plan variants will be available under the equity category.

Key Points

  • NFO period: December 02, 2025 to December 10, 2025
  • Two scheme variants: Regular and Direct Plan (both equity category)
  • Tentative allotment date: December 15, 2025
  • Extended trading hours available till midnight on December 10, 2025 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Pending transactions remain in system till 3:00 PM on last payout day or T+5, whichever is earlier

Regulatory Changes

No regulatory changes introduced. This is a new product launch announcement.

Compliance Requirements

  • Clear funds must be available in ICCL Account by 6:00 PM on December 12, 2025
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt by December 12, 2025 at 6:00 PM
  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Switches accepted during NFO period only if funds received on or before allotment date
  • Switch transactions with funds received after allotment date will not be considered by AMC/RTA

Important Dates

  • December 02, 2025: NFO opening date
  • December 10, 2025: NFO closing date (extended till midnight for lumpsum purchases)
  • December 12, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • December 15, 2025: Tentative allotment date
  • T+1 day, 9:00 AM: Deadline for client fund initiation (post-transaction)
  • T+5 or last payout day, 3:00 PM: Deadline for pending transactions (whichever is earlier)

Impact Assessment

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

  • Members/Distributors: Need to familiarize themselves with NFO timelines and operational requirements for client transactions
  • Investors: New investment opportunity in dividend-focused equity ETF based on BSE 500 index
  • Operational Impact: Standard NFO processing requirements with specific fund settlement deadlines
  • Market Impact: Negligible - routine mutual fund product launch with no effect on broader market operations or existing securities

Impact Justification

Routine NFO launch announcement for mutual fund members with standard operational procedures and timelines