Description

MIRAE ASSET Mutual Fund launches MIRAE ASSET BSE INDIA DEFENCE ETF - NFO from February 02, 2026 to February 10, 2026 on BSE StAR MF Platform.

Summary

MIRAE ASSET Mutual Fund will launch the MIRAE ASSET BSE INDIA DEFENCE ETF - NFO on the BSE StAR MF Platform. The new fund offer will be available for subscription from February 02, 2026 to February 10, 2026, with both regular and direct plan options. The tentative allotment date is set for February 13, 2026.

Key Points

  • Two scheme variants available: MIRAE ASSET BSE INDIA DEFENCE ETF and MIRAE ASSET BSE INDIA DEFENCE ETF - DIRECT PLAN
  • Both schemes are categorized as EQUITY schemes
  • NFO period: February 02, 2026 to February 10, 2026
  • Tentative allotment date: February 13, 2026
  • Extended trading period available till midnight on February 10, 2026 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Pending transactions will remain in system till 3:00 PM on last day of funds payout or T+5, whichever is earlier

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Clear funds must be available in ICCL Accounts by 6:00 PM on February 12, 2026
  • Cheques and OTM payments acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00 PM on February 12, 2026
  • Switches accepted during NFO period subject to receipt of funds on or before allotment date
  • Funds for switch out scheme received after NFO allotment date will not be considered for allotment at AMC/RTA end
  • Members must ensure client funds are initiated by specified deadlines to avoid transaction cancellations

Important Dates

  • NFO Start Date: February 02, 2026
  • NFO End Date: February 10, 2026
  • Extended Period Deadline: Midnight on February 10, 2026 (lumpsum purchase only)
  • Clear Funds Deadline: 6:00 PM on February 12, 2026
  • Tentative Allotment Date: February 13, 2026
  • Transaction Cancellation Time: 9:00 AM on T+1 day if funds not initiated
  • Pending Transaction Cutoff: 3:00 PM on last payout day or T+5, whichever is earlier

Impact Assessment

This circular has minimal market-wide impact as it relates to a standard new fund offering launch. The announcement provides members and investors with an opportunity to participate in a defence sector-focused ETF. The scheme offers exposure to the India defence sector through both regular and direct plan options. Members need to ensure compliance with fund transfer timelines to avoid transaction cancellations and ensure successful allotment for their clients. The extended midnight deadline on the last day provides additional flexibility for lumpsum investments.

Impact Justification

Routine NFO launch announcement for a new ETF product. Standard procedural information for mutual fund trading members with no market-wide operational changes or regulatory implications.