Mirae Asset Launches BSE Midcap 150 Momentum 30 ETF And FoF NFOs

Mirae Asset Mutual Fund has announced the launch of 2 passive investment products based on the BSE Midcap 150 Momentum 30 Index. The fund house will offer an exchange-traded fund (ETF) and a fund of fund (FoF) structure, providing investors with different routes to access the momentum-based strategy.

The New Fund Offers (NFOs) for both schemes are scheduled to open on July 6, 2026. The launches add to the growing range of factor-based passive investment products available in the Indian mutual fund market.

Mirae Asset BSE Midcap 150 Momentum 30 ETF NFO Details

The Mirae Asset BSE Midcap 150 Momentum 30 ETF will track the BSE Midcap 150 Momentum 30 Total Return Index. The NFO for the ETF will open on July 6, 2026, and close on July 13, 2026.

As an exchange-traded fund, it will be listed on stock exchanges after allotment, enabling investors to buy and sell units during market hours. The scheme seeks to replicate the performance of the underlying index, subject to tracking error.

Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF Structure

Alongside the ETF, the fund house has launched the Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF. The FoF NFO will open on July 6, 2026, and remain available for subscription until July 20, 2026.

The scheme will predominantly invest in units of the underlying ETF rather than directly investing in stocks. This structure allows investors to participate in the strategy without the need for a demat account or exchange-based transactions.

How The BSE Midcap 150 Momentum 30 Index Works?

The underlying index selects 30 stocks from the broader BSE Midcap 150 universe using a rules-based momentum methodology. Stock selection is based on a 12-month risk-adjusted momentum score designed to identify companies displaying relatively stronger price trends.

The index also incorporates liquidity filters to improve investability. In addition, individual stock weights are capped at 5%, helping maintain diversification within the portfolio.

Momentum Investing and Midcap Stock Exposure

Momentum investing is a factor-based strategy that aims to capture trends in stock prices by investing in securities demonstrating sustained relative strength. Such strategies may perform well during prolonged market rallies or periods of sustained trends.

However, momentum portfolios can also experience sharper corrections during market reversals and volatile phases. The midcap focus further increases both return potential and risk, as mid-sized companies can be more sensitive to shifts in market sentiment and liquidity conditions than larger counterparts.

Read More: Mutual Funds Increase Stakes in Banking and New-Age Tech, Reduce Exposure to IT, Metals in May 2026.

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Conclusion

The Mirae Asset BSE Midcap 150 Momentum 30 ETF and ETF FoF provide investors with exposure to a momentum-based midcap strategy through passive investment vehicles. Both schemes will be benchmarked against the BSE Midcap 150 Momentum 30 TRI and will follow a quarterly rebalancing process.

The minimum investment amount during the NFO period has been set at ₹5,000, with additional investments allowed in multiples of ₹1. The launch reflects the growing interest in smart beta and factor-based investment strategies within India's mutual fund industry.

Investors looking to explore investment opportunities can open a demat account to invest and trade in the equity market seamlessly.

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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.