Description

MIRAE ASSET MUTUAL FUND launches MIRAE ASSET NIFTY METAL ETF FOF - NFO with SIP facility on BSE StAR MF Platform from February 10-23, 2026, with allotment on February 26, 2026.

Summary

MIRAE ASSET MUTUAL FUND is launching MIRAE ASSET NIFTY METAL ETF FOF - NFO with SIP facility on BSE StAR MF Platform. The NFO period runs from February 10, 2026 to February 23, 2026, with tentative allotment on February 26, 2026. The scheme offers six plan options including Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • NFO launch of MIRAE ASSET NIFTY METAL ETF FOF on BSE StAR MF Platform
  • Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes have ISINs assigned (INF769K01QJ7, INF769K01QL3, INF769K01QK5, INF769K01QM1, INF769K01QO7, INF769K01QN9)
  • NFO extended till midnight on February 23, 2026 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on February 25, 2026
  • Cheques and OTM payments accepted during NFO subject to clear funds receipt by deadline
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement.

Compliance Requirements

  • Members must ensure transactions have client-initiated funds by 9:00 AM on T+1 day to avoid cancellation
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Clear funds must be available in ICCL Account by 6:00 PM on February 25, 2026 for unit allotment
  • SIP/XSIP registrations require client authentication before 3:00 PM on February 23, 2026
  • Switch transactions accepted during NFO period only if funds received on or before allotment date

Important Dates

  • February 10, 2026: NFO opening date
  • February 23, 2026: NFO closure date (3:00 PM for SIP/XSIP authentication; midnight for lumpsum purchases)
  • February 25, 2026: Clear funds deadline in ICCL Account by 6:00 PM
  • February 26, 2026: Tentative allotment date
  • T+1 day 9:00 AM: Deadline for client fund initiation (or transaction cancellation)
  • T+5 or last day of NFO payout: Pending transaction timeout (whichever is earlier at 3:00 PM)

Impact Assessment

Market Impact: Low. This is a routine mutual fund NFO launch providing investors access to metal sector exposure through Fund of Funds structure investing in Nifty Metal ETF.

Operational Impact: Low to Medium for BSE StAR MF Platform members. Members need to ensure operational readiness for NFO processing, including fund collection timelines, SIP registration authentication, and coordination with ICCL for funds settlement. Standard NFO procedures apply with specific attention to fund availability deadlines and transaction cancellation protocols.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational details. Affects only mutual fund investors interested in metal sector exposure through FOF structure.