Description
MIRAE ASSET Mutual Fund launches MIRAE ASSET NIFTY 500 HEALTHCARE ETF NFO on BSE StAR MF Platform from January 27 to February 06, 2026.
Summary
MIRAE ASSET Mutual Fund is launching the 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 tentative allotment on February 10, 2026. Both regular and direct plan variants will be available under the equity category.
Key Points
- NFO for MIRAE ASSET NIFTY 500 HEALTHCARE ETF (Regular and Direct Plan)
- Scheme Category: EQUITY
- NFO Period: January 27, 2026 to February 06, 2026
- Tentative Allotment Date: February 10, 2026
- Extended trading available 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
- Pending transactions remain in system until 3:00 PM on last payout day or T+5, whichever is earlier
- Cheques and OTM payments accepted subject to clear funds receipt
- Switches accepted during NFO period subject to fund receipt before allotment date
Regulatory Changes
No regulatory changes introduced. This is an operational notice for NFO launch procedures.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
- Clear funds must be available in ICCL Accounts by 6:00 PM on February 09, 2026
- For cheques and OTM payments, clear funds must reach ICCL account by 6:00 PM on February 09, 2026 to avail allotment
- Switch-out funds must be received on or before allotment date (February 09, 2026) for NFO allotment eligibility
- AMC confirmed tentative allotment date adjustment from February 10 to February 09, 2026 for fund settlement
Important Dates
- January 27, 2026: NFO opens
- February 06, 2026: NFO closes (extended till midnight for lumpsum purchases)
- February 09, 2026: Clear funds deadline in ICCL Accounts (6:00 PM)
- February 10, 2026: Tentative allotment date
- T+1 Day: Deadline for client fund initiation (9:00 AM)
- T+5 or Last Payout Day: Pending transaction expiry (3:00 PM, whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch for a sector-specific ETF focusing on healthcare stocks from the NIFTY 500 index. It provides investment opportunity but does not affect existing market operations.
Operational Impact: Medium for BSE StAR MF platform members who need to manage client transactions, fund settlements, and ensure compliance with specified timelines for payment processing and allotment procedures.
Investor Impact: Provides new investment avenue in healthcare sector through ETF route for investors seeking exposure to NIFTY 500 healthcare companies.
Impact Justification
Routine NFO launch announcement for mutual fund members with operational guidelines. Limited market-wide impact, primarily informational for BSE StAR MF platform participants.