NFO Alert: Mirae Asset Mutual Fund Launches BSE India Defence ETF FoF

Mirae Asset Mutual Fund has announced a new fund offer (NFO) for the Mirae Asset BSE India Defence ETF Fund of Fund. The NFO will open on February 2, 2026, and close on February 16, 2026.  

The scheme is scheduled to reopen for ongoing subscriptions and redemptions on February 24, 2026. It is an open-ended scheme. 

Scheme Structure 

The fund is structured as a fund of fund. It will invest primarily in units of the Mirae Asset BSE India Defence ETF.  

The ETF tracks the BSE India Defence Total Return Index, which captures the performance of listed companies linked to the defence sector. The fund itself does not invest directly in equity shares. 

Investment Objective 

The stated objective of the scheme is to seek long-term capital appreciation by investing in units of the underlying defence-themed ETF.  

The scheme does not provide any assurance of returns. There is no guarantee that the investment objective will be achieved, as returns will depend on market conditions and index performance. 

Asset Allocation 

In addition to ETF units, the scheme may hold debt and money market instruments for liquidity and operational purposes.  

These may include treasury bills, government securities with residual maturity of up to one year, commercial papers, commercial bills, certificates of deposit, call or notice money, usance bills, and Tri-Party REPO, subject to regulatory limits. 

Benchmark and Management 

The performance of the scheme will be measured against the BSE India Defence Total Return Index.  

The fund will be managed by Ms Ekta Gala and Mr Akshay Udeshi. The scheme is offered by Mirae Asset Mutual Fund. 

Minimum Investment 

During the NFO period, the minimum investment amount is ₹5,000. Additional investments can be made in multiples of ₹1 thereafter. As an open-ended scheme, investors can buy or redeem units after the reopening date at the applicable net asset value. 

Sector Exposure 

The scheme provides indirect exposure to companies associated with India’s defence sector through an index-based ETF. Returns from the fund will reflect movements in the underlying index and the broader performance of defence-related stocks. 

Read More: NFO Alert: Mirae Asset Mutual Fund Launches BSE India Defence ETF!  

Conclusion 

The Mirae Asset BSE India Defence ETF FoF is a market-linked scheme offering index-based exposure to the defence sector through a fund of fund structure, with defined investment limits, benchmark linkage, and standard risk disclosures. 

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