Description

MIRAE ASSET Mutual Fund will offer MIRAE ASSET NIFTY 500 VALUE 50 ETF NFO on BSE StAR MF Platform from March 9 to March 16, 2026, with tentative allotment on March 20, 2026.

Summary

BSE has informed members that MIRAE ASSET Mutual Fund will launch the MIRAE ASSET NIFTY 500 VALUE 50 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO opens on March 9, 2026, and closes on March 16, 2026, with tentative unit allotment on March 20, 2026. Both the regular plan and direct plan are being offered under the equity category.

Key Points

  • NFO period: March 9, 2026 to March 16, 2026 (extended till midnight on March 16 for lumpsum purchases)
  • 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
  • Transactions where clients have 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 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
  • Switches accepted during NFO period subject to receipt of funds on or before allotment date; funds received after allotment date will not be considered

Regulatory Changes

No regulatory changes. This is a standard NFO launch notice.

Compliance Requirements

  • Members must ensure client funds are initiated before 9:00 AM on T+1 to avoid transaction cancellation
  • Clear funds must be available in ICCL Accounts by 6:00 PM on March 19, 2026, for allotment eligibility
  • Switch-out fund transactions must be received on or before the allotment date (March 20, 2026)

Important Dates

  • March 9, 2026: NFO opens
  • March 16, 2026: NFO closes (extended till midnight for lumpsum purchases on BSE StAR MF)
  • March 19, 2026 by 6:00 PM: Deadline for clear funds in ICCL Accounts
  • March 20, 2026: Tentative allotment date

Impact Assessment

This is a routine mutual fund NFO announcement with limited broader market impact. Members operating on BSE StAR MF Platform need to be aware of the transaction and payment deadlines to ensure client orders are processed correctly. The NFO introduces two new ETF schemes tracking the NIFTY 500 VALUE 50 index under the equity category.

Impact Justification

Routine NFO launch announcement for a new ETF on BSE StAR MF platform; operational details for members with no broad market or compliance impact.