Description

Mirae Asset Nifty Metal ETF Fund of Fund NFO will be available for subscription on NSE MF Invest Platform from February 10-23, 2026 with allotment on February 26, 2026.

Summary

NSE has announced the launch of Mirae Asset Nifty Metal ETF Fund of Fund (FOF) New Fund Offering on the NSE MF Invest Platform. The NFO will accept subscriptions from February 10, 2026 to February 23, 2026 until 11:59 PM, with allotment scheduled for February 26, 2026. Six plan options are available covering Direct and Regular plans with Growth and IDCW (Income Distribution cum Capital Withdrawal) variants.

Key Points

  • NFO subscription period: February 10-23, 2026 (until 11:59 PM)
  • Fund house: Mirae Mutual Fund
  • Scheme type: Equity category Fund of Fund investing in Nifty Metal ETF
  • Six plan options available with separate ISINs for Direct/Regular plans
  • Allotment date: February 26, 2026
  • Payment deadline: February 25, 2026 (11:59 PM) - clear funds must be received in designated Clearing Corporation account
  • All plans categorized under Equity category

Scheme Details

The following six plan variants are being launched:

  1. Direct Plan - Growth (INF769K01QM1)
  2. Direct Plan - IDCW Payout (INF769K01QO7)
  3. Direct Plan - IDCW Reinvestment (INF769K01QN9)
  4. Regular Plan - Growth (INF769K01QJ7)
  5. Regular Plan - IDCW Payout (INF769K01QL3)
  6. Regular Plan - IDCW Reinvestment (INF769K01QK5)

Compliance Requirements

  • Members must ensure clear funds through any payment mode are received in the designated Clearing Corporation account
  • Payment must be completed on or before February 25, 2026 at 11:59 PM
  • Members need to facilitate client subscriptions through NSE MF Invest Platform during the NFO period

Important Dates

  • NFO Opening Date: February 10, 2026
  • NFO Closing Date: February 23, 2026 (11:59 PM)
  • Payment Deadline: February 25, 2026 (11:59 PM)
  • Allotment Date: February 26, 2026

Impact Assessment

This is a routine NFO launch with minimal market impact. The scheme provides investors access to the metal sector through an ETF Fund of Fund structure. The impact is limited to:

  • Members and distributors facilitating subscriptions on NSE MF Invest Platform
  • Investors seeking exposure to Nifty Metal index through fund of fund route
  • No direct impact on equity markets or existing listed securities
  • Operational notification for member compliance with NFO processing requirements

Impact Justification

Routine NFO launch notification for mutual fund scheme with limited market-wide impact, primarily informational for members facilitating subscriptions