Description

MIRAE ASSET Mutual Fund launches new ETF offering on BSE StAR MF Platform from December 02-10, 2025, with allotment on December 15, 2025.

Summary

MIRAE ASSET Mutual Fund is launching MIRAE ASSET BSE 500 DIVIDEND LEADERS 50 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open from December 02, 2025, to December 10, 2025, with both regular and direct plan options available. The tentative allotment date is December 15, 2025.

Key Points

  • NFO period: December 02-10, 2025
  • Two scheme options available: Regular plan and Direct plan
  • Both schemes categorized as EQUITY
  • Tentative allotment date: December 15, 2025
  • NFO extended till midnight on December 10, 2025, for lumpsum purchases only
  • Transactions without fund initiation by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on December 12, 2025
  • Cheques and OTM payments accepted subject to clear funds receipt by December 12, 2025
  • Switches accepted during NFO period subject to fund receipt before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid 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 12, 2025, for allotment
  • Pending transactions will remain in system until 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
  • Switch transactions require funds receipt on or before allotment date for consideration

Important Dates

  • NFO Start Date: December 02, 2025
  • NFO End Date: December 10, 2025 (extended till midnight for lumpsum purchases)
  • Fund Initiation Deadline: 9:00 AM on T+1 day
  • Clear Funds Deadline: December 12, 2025, by 6:00 PM
  • Tentative Allotment Date: December 15, 2025

Impact Assessment

This circular has minimal market impact as it is a routine NFO launch notification. It provides new investment opportunities for investors interested in dividend-focused equity ETFs tracking BSE 500 companies. The strict fund payment deadlines ensure operational efficiency and timely allotment processing on the BSE StAR MF Platform.

Impact Justification

Routine NFO launch notification for mutual fund members on BSE platform with standard operational procedures