Description

BSE announces the launch of Mirae Asset Silver ETF FOF NFO with SIP facility on BSE StAR MF Platform from March 05 to March 18, 2026, with tentative allotment on March 24, 2026.

Summary

BSE has informed members that Mirae Asset Mutual Fund will launch the Mirae Asset Silver ETF FOF (Fund of Fund) NFO with SIP facility on the BSE StAR MF Platform. The NFO subscription window opens on March 05, 2026 and closes on March 18, 2026, with a tentative allotment date of March 24, 2026.

Key Points

  • NFO period: March 05, 2026 to March 18, 2026
  • Six scheme variants available: Regular and Direct Plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
  • ISINs assigned for all six variants (INF769K01QP4, INF769K01QR0, INF769K01QQ2, INF769K01QS8, INF769K01QU4, INF769K01QT6)
  • Tentative allotment date: March 24, 2026
  • NFO extended till midnight March 18, 2026 for lumpsum purchases only
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
  • Transactions for which client has not initiated funds by 9:00 AM on T+1 will be cancelled
  • Pending transactions remain in system till 3:00 PM on the last day of funds payout to AMC or T+5, whichever is earlier

Regulatory Changes

No regulatory changes. This is a standard operational notice for a new mutual fund offering on BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure clients initiate fund transfers by 9:00 AM on T+1 to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on March 23, 2026 to qualify for allotment
  • Cheques and OTM payments accepted during NFO period subject to receipt of clear funds in ICCL account by 6:00 PM on March 23, 2026
  • Switches accepted during NFO period only if funds for switch-out scheme are received on or before the allotment date
  • SIP/XSIP authentication must be completed by clients before 3:00 PM on March 18, 2026

Important Dates

  • March 05, 2026: NFO subscription opens
  • March 18, 2026: NFO subscription closes (lumpsum extended till midnight)
  • March 18, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • March 23, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • March 24, 2026: Tentative allotment date

Impact Assessment

This circular has low market impact as it is a routine operational notification for a new mutual fund NFO. It is directly relevant to BSE members and investors interested in silver-linked fund-of-fund investments. The Mirae Asset Silver ETF FOF provides indirect exposure to silver via an ETF wrapper. Members should ensure operational readiness to process transactions and communicate fund transfer deadlines to clients.

Impact Justification

Routine NFO launch notification for a mutual fund scheme; relevant only to members and investors participating in the Mirae Asset Silver ETF FOF on BSE StAR MF Platform.