NFO Alert: Mirae Asset Mutual Fund Launches Nifty Metal ETF Fund of Fund

Mirae Asset Mutual Fund has opened the New Fund Offer (NFO) for the Mirae Asset Nifty Metal ETF Fund of Fund on February 10, 2026. The subscription period will close on February 23, 2026, and the scheme is set to reopen for continuous transactions from February 27, 2026. 

The offering is an open-ended fund of fund scheme, which means it will primarily invest in units of another fund rather than directly buying shares of companies. 

Investment Approach 

The scheme will invest mainly in the Mirae Asset Nifty Metal ETF, which tracks the Nifty Metal Total Return Index. This index includes companies from the metals and mining sector listed on the National Stock Exchange. 

In addition to ETF units, the scheme may park a portion of its assets in debt and money market instruments. These may include treasury bills, commercial papers, certificates of deposit, call or notice money, tri-party repo, and government securities with maturity of up to one year, in line with regulatory norms. 

Objective and Risk Profile 

The stated objective of the scheme is to provide long-term capital appreciation through investments in the underlying metal ETF. The fund house has clarified that the scheme does not guarantee or assure any returns, and the investment objective may not be realised. 

As per the riskometer, the scheme is categorised under “very high” risk, showing the cyclical nature of metal stocks and commodity-linked businesses. 

Fund Management and Minimum Investment 

The scheme will be managed by Ekta Gala and Akshay Udeshi. The minimum investment during the NFO period is ₹5,000, with subsequent investments allowed in multiples of ₹1. 

Read More: NFO Alert: Angel One Silver ETF Opens on 9th February, 2026! 

Conclusion 

The fund provides sector-specific exposure through a fund-of-fund structure linked to the Nifty Metal index. Its returns will largely depend on movements in metal stocks and overall commodity trends. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Funds Investments are subject to market risks, read all the related documents carefully before investing.