The fund house said the New Fund Offers (NFOs) for the Mirae Asset BSE Midcap 150 Momentum 30 ETF and the Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF will open on July 6.
The ETF NFO will close on July 13, while the FoF will close on July 20.
The ETF will replicate the BSE Midcap 150 Momentum 30 Total Return Index, which selects 30 stocks from the broader BSE Midcap 150 universe based on a rules-driven momentum methodology. The FoF will primarily invest in units of the ETF, providing investors an option to access the strategy without directly trading on exchanges.
The underlying index uses a 12-month risk-adjusted momentum score to identify stocks with relatively stronger price trends. It also incorporates liquidity filters and caps individual stock weights at 5%. The portfolio is reviewed and rebalanced quarterly, which could result in relatively higher portfolio churn compared with traditional index funds.
Momentum investing is a factor-based strategy that seeks to benefit from persistence in stock price trends. Such strategies generally tend to outperform during sustained market rallies or trending environments, but can also witness sharper drawdowns during periods of market reversal or volatility.
The focus on midcap stocks adds another layer of risk and return potential. Midcap companies are often viewed as offering higher growth opportunities than large-cap firms, although they may also be more sensitive to changes in market sentiment and liquidity conditions.
For both schemes, the minimum investment amount during the NFO period has been set at ₹5,000, with additional investments allowed in multiples of Re 1. The schemes will be benchmarked against the BSE Midcap 150 Momentum 30 TRI.
The ETF and FoF will be managed by Ekta Gala and Vishal Singh.
The fund house also noted that the FoF structure will carry expenses of both the underlying ETF and the FoF itself, which may result in a relatively higher total expense ratio compared with investing directly through the ETF route.
Mirae Asset Investment Managers (India) said the launches are part of its broader expansion in smart beta and factor-based investment products.
First Published: Jul 2, 2026 12:41 PM IST
