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 - 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 variants will be available. The NFO will be extended until midnight on February 06, 2026, for lumpsum purchases only.

Key Points

  • NFO period: January 27, 2026, to February 06, 2026
  • Two scheme variants: MIRAE ASSET NIFTY 500 HEALTHCARE ETF and MIRAE ASSET NIFTY 500 HEALTHCARE ETF - DIRECT PLAN
  • Scheme category: EQUITY
  • Tentative allotment date: February 10, 2026
  • Transactions without initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Accounts by 6:00 PM on February 09, 2026
  • Extended trading until midnight on February 06, 2026, for lumpsum purchases only

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid cancellation
  • Transactions with initiated payment remain pending until 3:00 PM on the last day of NFO fund pay-out or T+5, whichever is earlier
  • Clear funds must be available in ICCL Accounts by 6:00 PM on February 09, 2026, for unit allotment
  • Cheques and OTM payments are acceptable during NFO period subject to receipt of clear funds by the deadline
  • Switches accepted during NFO period only if funds are received on or before allotment date

Important Dates

  • January 27, 2026: NFO opening date
  • February 06, 2026: NFO closing date (extended until midnight for lumpsum purchases)
  • February 09, 2026: AMC confirmed tentative allotment date; clear funds deadline at 6:00 PM
  • February 10, 2026: Official tentative allotment date
  • T+1 day: Deadline for client fund initiation at 9:00 AM

Impact Assessment

This is a routine NFO launch with standard operational procedures for the BSE StAR MF Platform. The impact is limited to members and investors interested in healthcare sector ETF exposure through the NIFTY 500 Healthcare index. The circular provides clear operational guidelines for transaction processing, fund settlement, and allotment procedures to ensure smooth NFO execution.

Impact Justification

Routine NFO launch announcement for a mutual fund ETF with standard operational procedures. Limited market-wide impact.