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 with tentative allotment on February 13, 2026.
Summary
MIRAE ASSET Mutual Fund is launching MIRAE ASSET BSE INDIA DEFENCE ETF - NFO on the BSE StAR MF Platform. The NFO period runs from February 02, 2026 to February 10, 2026, with a tentative allotment date of February 13, 2026. Both regular and direct plan variants will be available. The NFO will be extended till midnight on February 10, 2026 for lumpsum purchases only.
Key Points
- Two scheme variants available: MIRAE ASSET BSE INDIA DEFENCE ETF and MIRAE ASSET BSE INDIA DEFENCE ETF - DIRECT PLAN
- Both schemes fall under the EQUITY category
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- Transactions with initiated payments remain pending till 3:00 PM on the last day of NFO fund payout or T+5, whichever is earlier
- Clear funds must be available in ICCL Accounts by 6:00 PM on February 12, 2026
- Cheques and OTM payments are acceptable during NFO period subject to clear funds receipt by the deadline
- Switches accepted during NFO period only if funds received on or before allotment date
- Extended trading hours available till midnight on last day for lumpsum purchases only
Regulatory Changes
No regulatory changes. This is a new product launch announcement.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be in ICCL Accounts by 6:00 PM on February 12, 2026 for allotment
- Switch transactions must have funds received by allotment date (February 13, 2026) to be considered for allotment
Important Dates
- NFO Start Date: February 02, 2026
- NFO End Date: February 10, 2026
- Extended Trading (Lumpsum only): Till midnight on February 10, 2026
- Clear Funds Deadline: 6:00 PM on February 12, 2026
- Tentative Allotment Date: February 13, 2026
- Fund Initiation Deadline: 9:00 AM on T+1 day (for each transaction)
Impact Assessment
This circular has minimal market impact as it announces a routine NFO launch on the BSE StAR MF Platform. The impact is limited to:
- Members and investors interested in defence sector ETF exposure
- BSE StAR MF Platform participants who need to configure systems for the new scheme
- No impact on existing listed securities or broader market operations
- Standard NFO procedures and timelines apply with no special conditions
The launch provides investors with a new thematic investment option in the defence sector but does not affect existing market infrastructure or trading rules.
Impact Justification
Routine announcement of new ETF offering on mutual fund platform. Limited market impact as it's a new fund launch rather than regulatory change or market-wide operational update.