MFIs/MFDs/RFIs/RFDs/RIAs are hereby informed that MIRAE Mutual Fund will be offering MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF - HYBRID PLAN - NFO with effect from December 12, 2024, to December 20, 2024, on BSE StAR MF Platform.
The scheme details are given below:
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Sr. No.
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Scheme Name
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Scheme Category
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Tentative Allotment date
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1
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MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF - HYBRID PLAN - GROWTH
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EQUITY
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26-Dec-24
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|
2
|
MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF - HYBRID PLAN - GROWTH - DIRECT PLAN
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EQUITY
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26-Dec-24
|
MFIs/MFDs/RFIs/RFDs/RIAs are also hereby informed that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which the client has initiated payment will remain pending in the system till 3:00 PM on the last day of making funds pay out to the AMC for the said NFO or T + 5, whichever is earlier.
Also, members are hereby informed that AMC confirmed the tentative allotment date for the above scheme will be done on December 26, 2024, hence the clear funds must be available in ICCL Account by 6:00 pm on December 23, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on December 23, 2024, to avail the allotment of units under MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF - HYBRID PLAN - NFO.
Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme on or before the allotment date. If funds for switch out scheme received after the NFO allotment date (Refer switch out scheme payout TAT in scheme master) then same will not be considered for allotment at AMC/RTA end.
The said NFO will be extended till midnight on December 20, 2024, only for lumpsum purchase on BSE StAR MF Platform.
Ketan Jantre Mahesh Tare
Head - Trading Operations Manager – Mutual Funds |