Description

Mirae Asset Mutual Fund is launching Mirae Asset Silver ETF FOF (New Fund Offer) 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 offer the Mirae Asset Silver ETF FOF (Fund of Funds) as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform from March 05, 2026 to March 18, 2026. Six scheme variants are available across Regular and Direct plans with Growth and IDCW options. The tentative allotment date is March 24, 2026.

Key Points

  • NFO period: March 05, 2026 to March 18, 2026 on BSE StAR MF Platform
  • Six scheme variants offered (Regular and Direct plans with Growth, IDCW Payout, IDCW Reinvestment options)
  • Tentative allotment date: March 24, 2026
  • Clear funds must be available in ICCL Account by 6:00 PM on March 23, 2026
  • NFO extended till midnight on March 18, 2026 for lumpsum purchases only
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date
  • Cheques and OTM payments are acceptable subject to receipt of clear funds in ICCL account by 6:00 PM on March 23, 2026
  • Switches accepted during NFO period subject to receipt of funds before allotment date

Regulatory Changes

No new regulatory changes. This is an operational notice for the launch of a new mutual fund scheme on BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day; transactions without initiated funds will be cancelled with a CC/N flag reported to RTA/AMC
  • Pending transactions (where payment is initiated) will remain in the system until 3:00 PM on the last day of funds payout to AMC, or T+5, whichever is earlier
  • SIP/XSIP authentication must be completed by 3:00 PM on the NFO closure date (March 18, 2026)
  • Clear funds must reach ICCL Account by 6:00 PM on March 23, 2026 for unit allotment

Important Dates

  • March 05, 2026: NFO opens on BSE StAR MF Platform
  • March 18, 2026: NFO closes (extended till midnight for lumpsum purchases); SIP/XSIP authentication deadline at 3:00 PM
  • March 23, 2026: Clear funds deadline in ICCL Account by 6:00 PM
  • March 24, 2026: Tentative allotment date for all six scheme variants

Impact Assessment

This notice is relevant to BSE members and investors participating in mutual fund transactions on the BSE StAR MF Platform. The six scheme variants (ISINs: INF769K01QP4, INF769K01QR0, INF769K01QQ2, INF769K01QS8, INF769K01QU4, INF769K01QT6) provide exposure to silver through a Fund of Funds structure. Members must ensure proper fund initiation timelines are communicated to clients to avoid transaction cancellations. The strict fund clearance deadline of 6:00 PM on March 23, 2026 requires proactive coordination.

Impact Justification

Routine NFO launch notice relevant to mutual fund members and investors on BSE StAR MF Platform; affects transaction processing and fund allocation timelines.