Description
MIRAE ASSET MUTUAL FUND launches new fund offer (NFO) for BSE INDIA DEFENCE ETF Fund of Fund with SIP facility from February 2-16, 2026, with tentative allotment on February 23, 2026.
Summary
MIRAE ASSET MUTUAL FUND is launching a New Fund Offer (NFO) for MIRAE ASSET BSE INDIA DEFENCE ETF FOF with SIP facility on BSE StAR MF Platform. The NFO period runs from February 2, 2026 to February 16, 2026, with tentative allotment scheduled for February 23, 2026. Six schemes are available covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO period: February 2-16, 2026
- Six scheme options available: Regular and Direct plans with Growth/IDCW Payout/IDCW Reinvestment variants
- All schemes categorized as Fund of Fund (FOF)
- Tentative allotment date: February 23, 2026
- Extended trading till midnight on February 16, 2026 for lumpsum purchases only
- SIP/XSIP registration authentication required before 3:00 PM on NFO closure date
- Clear funds must be available in ICCL Account by 6:00 PM on February 20, 2026
- Cheques and OTM payments accepted during NFO period subject to fund clearance by February 20, 2026
- Switches accepted during NFO period only if funds received on or before allotment date
Scheme Details
| Sr. No. | Scheme Name | Scheme Category | ISIN | Tentative Allotment Date |
|---|---|---|---|---|
| 1 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - REGULAR PLAN - GROWTH | FOF | INF769K01QD0 | 23-FEB-2026 |
| 2 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - REGULAR PLAN - IDCW PAYOUT | FOF | INF769K01QF5 | 23-FEB-2026 |
| 3 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - REGULAR PLAN - IDCW REINVESTMENT | FOF | INF769K01QE8 | 23-FEB-2026 |
| 4 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - DIRECT PLAN - GROWTH | FOF | INF769K01QG3 | 23-FEB-2026 |
| 5 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - DIRECT PLAN - IDCW PAYOUT | FOF | INF769K01QI9 | 23-FEB-2026 |
| 6 | MIRAE ASSET BSE INDIA DEFENCE ETF FOF - DIRECT PLAN - IDCW REINVESTMENT | FOF | INF769K01QH1 | 23-FEB-2026 |
Transaction Processing Rules
- Transactions without client-initiated funds by 9:00 AM on T+1 day (including extended period transactions) will be cancelled
- Cancelled transactions will be reported to RTA/AMC with CC and N flag
- Transactions with initiated payments remain pending until 3:00 PM on last day of fund payout to AMC or T+5, whichever is earlier
Important Dates
- NFO Start Date: February 2, 2026
- NFO End Date: February 16, 2026 (extended till midnight for lumpsum purchases)
- SIP/XSIP Authentication Deadline: 3:00 PM on February 16, 2026
- Clear Funds Deadline: 6:00 PM on February 20, 2026
- Tentative Allotment Date: February 23, 2026
Compliance Requirements
- Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on February 20, 2026 for unit allotment
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
- Switch transactions require funds to be received under NFO scheme on or before allotment date for consideration
Impact Assessment
This is a routine NFO launch with limited market-wide impact. The launch provides investors access to a defence sector focused ETF Fund of Fund, expanding investment options in the thematic defence sector category. Impact is primarily limited to investors and members participating in the NFO on BSE StAR MF Platform. No changes to existing trading rules or compliance requirements beyond standard NFO procedures.
Impact Justification
Routine NFO launch announcement for mutual fund scheme; impacts only investors interested in defence sector ETF FOF; no regulatory changes or market-wide implications