Description

MIRAE ASSET Mutual Fund is launching the MIRAE ASSET NIFTY 500 VALUE 50 ETF NFO on BSE StAR MF Platform from March 09 to March 16, 2026, with tentative allotment on March 20, 2026.

Summary

BSE has informed members that MIRAE ASSET Mutual Fund is launching the MIRAE ASSET NIFTY 500 VALUE 50 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO runs from March 09, 2026 to March 16, 2026, with a tentative allotment date of March 20, 2026. Both a regular plan and a direct plan are being offered under the Equity category.

Key Points

  • NFO period: March 09, 2026 to March 16, 2026
  • Two schemes offered: MIRAE ASSET NIFTY 500 VALUE 50 ETF and MIRAE ASSET NIFTY 500 VALUE 50 ETF - DIRECT PLAN (both Equity category)
  • Tentative allotment date: March 20, 2026
  • NFO extended till midnight on March 16, 2026, for lumpsum purchases only on BSE StAR MF Platform
  • Transactions where client has not initiated funds by 9:00 AM on T+1 day will be cancelled; CC with N flag will be reported to RTA/AMC
  • Pending transactions (where payment is initiated) will remain in the system till 3:00 PM on the last day of funds pay-out to AMC, or T+5, whichever is earlier
  • Clear funds must be available in ICCL Accounts by 6:00 PM on March 19, 2026
  • Cheques and OTM payments are acceptable during the NFO period subject to receipt of clear funds in ICCL account by 6:00 PM on March 19, 2026

Regulatory Changes

No regulatory changes. This is a standard NFO launch notification under existing BSE StAR MF operational framework.

Compliance Requirements

  • Members must ensure client funds are initiated before 9:00 AM on T+1 to avoid transaction cancellation
  • Clear funds must be credited to ICCL Accounts by 6:00 PM on March 19, 2026 for allotment eligibility
  • Switches are accepted during the NFO period only if funds under the NFO scheme are received on or before the allotment date; switch-out funds received after the NFO allotment date will not be considered for allotment

Important Dates

  • March 09, 2026: NFO opens
  • March 16, 2026: NFO closes (extended till midnight for lumpsum purchases)
  • March 19, 2026 by 6:00 PM: Deadline for clear funds to be available in ICCL Accounts
  • March 20, 2026: Tentative allotment date

Impact Assessment

This circular primarily impacts mutual fund distributors and members operating on the BSE StAR MF Platform. Investors interested in a Nifty 500 Value 50 index-based ETF now have an NFO window. Operationally, members need to track the payment initiation and fund availability deadlines carefully to ensure client transactions are not cancelled. No broader market impact is anticipated.

Impact Justification

Routine NFO launch notification for a new ETF on BSE StAR MF platform; relevant to mutual fund distributors and investors but no broad market or regulatory impact.