Description

MIRAE ASSET Mutual Fund launches NIFTY 500 HEALTHCARE ETF NFO from January 27 to February 06, 2026, with tentative allotment on February 10, 2026.

Summary

MIRAE ASSET Mutual Fund is launching MIRAE ASSET NIFTY 500 HEALTHCARE ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from January 27, 2026, to February 06, 2026, with a tentative allotment date of February 10, 2026. Both regular and direct plan options will be available under this equity scheme.

Key Points

  • NFO Period: January 27, 2026 to February 06, 2026
  • Scheme Category: Equity ETF
  • Two plan options: Regular and Direct Plan
  • Tentative Allotment Date: February 10, 2026 (AMC confirmed February 09, 2026)
  • Extended trading till midnight on February 06, 2026 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

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Accounts by 6:00 PM on February 09, 2026
  • Transactions for which clients have initiated payment will remain pending until 3:00 PM on the last day of making funds pay-out to AMC or T+5, whichever is earlier
  • Cheques and OTM payments are acceptable during NFO period, subject to receipt of clear funds in ICCL account by 6:00 PM on February 09, 2026
  • Switches are accepted during NFO period only if funds are received on or before the allotment date
  • Funds received after NFO allotment date for switch-out schemes will not be considered for allotment

Important Dates

  • January 27, 2026: NFO opens
  • February 06, 2026: NFO closes (extended till midnight for lumpsum purchases)
  • February 09, 2026: Clear funds must be available in ICCL Accounts by 6:00 PM
  • February 10, 2026: Tentative allotment date
  • T+1 Day 9:00 AM: Deadline for clients to initiate funds (else transaction cancelled)

Impact Assessment

This is a standard NFO launch with minimal market impact. It provides investment opportunities in the healthcare sector through a passive ETF tracking the NIFTY 500 Healthcare index. The operational impact is limited to BSE StAR MF Platform members who need to follow the specified timelines for fund collection and payment processing. The extended trading hours until midnight on the last day provides additional flexibility for lumpsum investments.

Impact Justification

Routine NFO launch notification for mutual fund members with standard operational procedures and deadlines