Description

MIRAE ASSET MUTUAL FUND launches MIRAE ASSET NIFTY METAL ETF FOF - NFO with SIP facility on BSE StAR MF Platform from February 10 to February 23, 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 six scheme variants covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. Tentative allotment date is February 26, 2026.

Key Points

  • Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • ISINs allocated: INF769K01QJ7, INF769K01QL3, INF769K01QK5, INF769K01QM1, INF769K01QO7, INF769K01QN9
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with N flag reported to RTA/AMC
  • Pending transactions will remain in system until 3:00 PM on last day of funds payout or T+5, whichever is earlier
  • NFO extended till midnight on February 23, 2026, only for lumpsum purchases
  • Cheques and OTM payments accepted subject to clear funds receipt by deadline
  • Switches accepted during NFO period subject to funds receipt on or before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clear funds available in ICCL Account by 6:00 PM on February 25, 2026
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date (February 23, 2026)
  • Transactions without client-initiated funds by 9:00 AM on T+1 must be cancelled with CC and N flag reported to RTA/AMC
  • For switches, if funds for switch out scheme received after NFO allotment date, same will not be considered for allotment at AMC/RTA end

Important Dates

  • February 10, 2026: NFO opening date
  • February 23, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • February 23, 2026, midnight: Extended NFO closure for lumpsum purchases only
  • February 25, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • February 26, 2026: Tentative allotment date

Impact Assessment

Low market impact. This is a routine NFO launch for a Fund of Funds (FOF) scheme investing in Nifty Metal ETF. Impact limited to BSE StAR MF platform members and investors interested in metal sector exposure through ETF FOF structure. Standard operational procedures apply with specific fund settlement timelines for NFO period.

Impact Justification

Routine NFO launch notification for mutual fund schemes with standard operational guidelines for BSE StAR MF platform members