Description
Mirae Asset Nifty Metal ETF FOF NFO scheme has been reopened for ongoing subscription, redemption, SIP, STP, and SWP transactions on BSE StAR MF Platform effective February 27, 2026.
Summary
BSE has notified members that the Mirae Asset Nifty Metal ETF Fund of Funds (FOF), which was previously launched as an NFO, has been reopened for ongoing subscription and redemption on the BSE StAR MF Platform. This follows the earlier Notice No. 20260209-11. The scheme is available with SIP, STP, and SWP facilities effective February 27, 2026.
Key Points
- Mirae Asset Nifty Metal ETF FOF NFO scheme reopened for ongoing transactions from February 27, 2026
- Available on BSE StAR MF Platform with SIP, STP, and SWP facilities
- Six plan variants available: Regular and Direct plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
- Reference circular: Notice No. 20260209-11
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN |
|---|---|---|---|
| 1 | Mirae Asset Nifty Metal ETF FOF - Regular Plan - Growth | FOF | INF769K01QJ7 |
| 2 | Mirae Asset Nifty Metal ETF FOF - Regular Plan - IDCW Payout | FOF | INF769K01QL3 |
| 3 | Mirae Asset Nifty Metal ETF FOF - Regular Plan - IDCW Reinvestment | FOF | INF769K01QK5 |
| 4 | Mirae Asset Nifty Metal ETF FOF - Direct Plan - Growth | FOF | INF769K01QM1 |
| 5 | Mirae Asset Nifty Metal ETF FOF - Direct Plan - IDCW Payout | FOF | INF769K01QO7 |
| 6 | Mirae Asset Nifty Metal ETF FOF - Direct Plan - IDCW Reinvestment | FOF | INF769K01QN9 |
Regulatory Changes
No new regulatory changes introduced. This is an operational update regarding the transition of a mutual fund scheme from NFO to ongoing subscription/redemption mode.
Compliance Requirements
- BSE members and mutual fund distributors using BSE StAR MF Platform may now process ongoing subscription, redemption, SIP, STP, and SWP transactions for the listed Mirae Asset Nifty Metal ETF FOF schemes.
- Members should update their systems to reflect the availability of these six ISINs for ongoing transactions.
Important Dates
- February 27, 2026: Effective date for ongoing subscription, redemption, and systematic transaction (SIP/STP/SWP) facilities on BSE StAR MF Platform
Impact Assessment
Low market impact. This is a routine operational notice enabling ongoing transactions in a mutual fund FOF product after its NFO period. Primarily relevant to distributors, advisors, and investors interested in metal-sector ETF exposure through the Nifty Metal index via a fund-of-funds structure. No systemic or regulatory implications for the broader market.
Impact Justification
Routine operational notice informing members that a mutual fund NFO scheme is reopening for ongoing transactions; affects only investors and members dealing in this specific Mirae Asset FOF product.