Mirae Asset Mutual Fund launches Mirae Asset BSE Midcap 150 Momentum 30 ETF and FOF

Mirae Asset Investment Managers (India) Pvt. Ltd. announces launch of New Fund Offers (NFOs) for - Mirae Asset BSE Midcap 150 Momentum 30 ETF (an open-ended scheme replicating/tracking BSE Midcap 150 Momentum 30 Total Return Index) and Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF (an open-ended Fund of Fund scheme investing in Mirae Asset BSE Midcap 150 Momentum 30 ETF).

The ETF will invest in stocks forming part of the BSE Midcap 150 Momentum 30 Total Return Index, while the FOF will invest predominantly in units of the ETF. The underlying index follows a rules-based approach to identify midcap stocks exhibiting relatively stronger price momentum.

The NFOs for both funds will open for subscription on July 6, 2026. The NFO for Mirae Asset BSE Midcap 150 Momentum 30 ETF will close on July 13, 2026, and the same for and Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF will close on July 20, 2026. The schemes re-opens from July 17, 2026, and July 24, 2026, respectively.

“Momentum is a factor that typically performs well during bull market or when market exhibits a strong and persistent trend.,” said Siddharth Srivastava, Head - ETF Products and Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd. “Within Midcap segment, in a conducive market, momentum strategy is capable of generating meaningful outperformance, but it carries drawdown risk during trend reversal. Investors with higher risk appetite should only consider this fund.”

The index identifies 30 momentum-driven stocks selected from the BSE Midcap 150 Index based on the underlying index methodology which 12-month risk adjusted momentum score. The index also applies liquidity filters caps the weight of each stock at 5%, and is reviewed quarterly.

Midcap companies offer a combination of growth potential, reasonable market representation and are relatively more stable than small cap companies, making them well-suited for a disciplined momentum strategy. The momentum-based funds typically exhibit higher churn in their portfolio and may exhibit biasness in favour of sector or themes which are doing well.

For both schemes, the minimum initial investment during NFO will be Rs 5,000/- (Rupees Five Thousand) with subsequent investments in multiples of Re. 1 thereafter. Both funds will be benchmarked against BSE Midcap 150 Momentum 30 TRI.

The ETF and FOF will be managed by Ms. Ekta Gala & Mr. Vishal Singh.

Established in 2007, Mirae Asset Mutual Fund is one of India’s emerging fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Investment Manager to Mirae Asset Mutual Fund. As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform. As on June 30, 2026, the AMC has 94 schemes available for investors spread across Equity funds, Debt funds, Hybrid Funds, ETF and Index funds. With expertise drawn from our global professionals, Mirae Asset Mutual Fund aims to cater to clients’ evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for potential growth and success.