Description
Mirae Asset BSE India Defence ETF Fund of Fund NFO will be available for subscription on NSE MF Invest Platform from February 02, 2026 to February 16, 2026.
Summary
Mirae Asset Mutual Fund is launching the Mirae Asset BSE India Defence ETF Fund of Fund (FOF) NFO on the NSE MF Invest Platform. The NFO will be open for subscription from February 02, 2026 to February 16, 2026 until 11:59 PM. The scheme offers six plan options across Direct and Regular plans with Growth and IDCW (Income Distribution cum Capital Withdrawal) variants.
Key Points
- NFO subscription period: February 02, 2026 to February 16, 2026 (11:59 PM)
- Six scheme options available: Direct Plan and Regular Plan, each with Growth, IDCW Payout, and IDCW Reinvestment options
- All schemes categorized under Equity category
- Allotment date: February 23, 2026
- Clear funds must be received by February 20, 2026 (11:59 PM)
- Scheme invests in BSE India Defence ETF
Regulatory Changes
No regulatory changes introduced. This is a new product launch announcement.
Compliance Requirements
- Members must ensure clear funds through any payment mode are received in the designated Clearing Corporation account on or before February 20, 2026 11:59 PM
- Schemes must be made available for transaction on NSE MF Invest Platform during the specified NFO period
Important Dates
- NFO Start Date: February 02, 2026
- NFO End Date: February 16, 2026 (11:59 PM)
- Payment Deadline: February 20, 2026 (11:59 PM)
- Allotment Date: February 23, 2026
Impact Assessment
This is a routine NFO launch with minimal market-wide impact. The circular is informational for NSE members and investors interested in defence sector exposure through an ETF Fund of Fund structure. The scheme provides investors access to the BSE India Defence Index through a mutual fund wrapper, offering both direct and regular plan options with different dividend/growth variants. Impact is limited to participants in the NSE MF Invest Platform and investors seeking defence sector thematic exposure.
Impact Justification
Routine NFO launch announcement for a new mutual fund scheme with limited market-wide impact, primarily informational for interested investors