Description
NSE announces name changes for two Mirae Asset Fund of Fund schemes effective immediately on NSE MF Invest platform.
Summary
NSE has notified members about name changes for two Mirae Asset Mutual Fund schemes on the NSE MF Invest platform, effective immediately. The changes are part of streamlining schemes filed under Fund of Fund (FOF) category with multiple underlying funds.
Key Points
- Two Mirae Asset Fund of Fund schemes have been renamed
- Changes are effective immediately on NSE MF Invest platform
- Name changes approved by AMC and Trustee Company boards
- Changes made to comply with SEBI letter dated February 6, 2025
Scheme Name Changes
Old Name: Mirae Asset Equity Allocator Fund of Fund New Name: Mirae Asset Diversified Equity Allocator Passive FOF
Old Name: Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund New Name: Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF
Compliance Requirements
- NSE members must take note of the scheme name changes
- All other terms and conditions of the schemes remain unchanged
- Notice cum addendum attached for reference
Important Dates
- Effective Date: Immediate effect (July 31, 2025)
- Board Approval Date: May 6, 2025
- Notice Date: April 29, 2025
Impact Assessment
This is a purely administrative change with no impact on fund operations, investment objectives, or investor holdings. The name changes are designed to better reflect the passive investment nature of these Fund of Fund schemes and comply with regulatory streamlining requirements.
Impact Justification
Administrative change in mutual fund scheme names with no operational or financial impact