Mirae Asset Nifty Metal ETF FOF

DRAFT SCHEME INFORMATION DOCUMENT SECTION I SO-1 Mirae Asset Nifty Metal ETF FOF (An open-ended fund of fund scheme investing in units of Mirae Asset Nifty Metal ETF) SO-3 Note: The above Product Labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made Offer of units of Rs. 10/- each during the New Fund Offer and continuous offer for units at NAV based prices. New Fund Offer opens on: - XX/XX/XXXX New Fund Offer closes on: - XX/XX/XXXX Scheme re-opens on: - XX/XX/XXXX The subscription list may be closed earlier by giving at least one day’s notice in one daily newspaper, however the NFO period shall be open for minimum 3 working days. The Trustee reserves the right to extend the closing date of the New Fund Offer Period, subject to the condition that the subscription list of the NFO period shall not be kept open for more than 15 days Name of Mutual Fund: Mirae Asset Mutual Fund Name of Asset Management Company: Mirae Asset Investment Managers (India) Private Limited CIN: U65990MH2019PTC324625 Name of Trustee Company: Mirae Asset Trustee Company Private Limited CIN: U65191MH2007FTC170231 Registered & Corporate Office: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai – 400098 Tel. No.: 022-678 00 300 Fax No.: 022- 6725 3940 - 47 Website: www.miraeassetmf.co.in E-mail: miraeasset@miraeassetmf.co.in The particulars of the Scheme have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (hereinafter referred to as SEBI (Mutual Funds) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with Due Diligence Certificate from the Asset Management Company. The units being offered for public subscription have not been Page 1 of 63 Mirae Asset Nifty Metal ETF FOFapproved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the SID. The Scheme Information Document sets forth concisely the information about MIRAE ASSET NIFTY Metal ETF FOF that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund/ Investor Service Centers/ Website/ Distributors or Brokers. The Investors are advised to refer to the Statement of Additional Information (SAI) for details of Mirae Asset Mutual Fund, standard risk factors, special considerations, tax and legal issues and general information on www.miraeassetmf.co.in SAI is incorporated by reference (is legally a part of the SID). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The SID (Section I and II) should be read in conjunction with SAI and not in isolation. This SID is dated XX/XX/XXXX Page 2 of 63 Mirae Asset Nifty Metal ETF FOFContents SECTION I ............................................................................................................................................ 1 PART I. HIGHLIGHTS/SUMMARY OF THE SCHEME .............................................................. 5 DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY ............................................ 11 PART II. INFORMATION ABOUT THE SCHEME ................................................................... 12 A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ...................................................... 12 B. WHERE WILL THE SCHEME INVEST? .............................................................................. 14 C. WHAT ARE THE INVESTMENT STRATEGIES? ................................................................ 15 D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? .................................. 16 E. WHO MANAGES THE SCHEME? ........................................................................................ 16 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? .............................................................................................................................................. 18 G. HOW HAS THE SCHEME PERFORMED ............................................................................. 19 H. ADDITIONAL SCHEME RELATED DISCLOSURES ......................................................... 19 PART III- OTHER DETAILS .......................................................................................................... 20 A. COMPUTATION OF NAV ...................................................................................................... 20 B. NEW FUND OFFER (NFO) EXPENSES ................................................................................ 21 C. ANNUAL SCHEME RECURRING EXPENSES .................................................................... 21 D. LOAD STRUCTURE................................................................................................................... 24 SECTION II ........................................................................................................................................ 26 I. INTRODUCTION .................................................................................................................... 26 A. DEFINITIONS/INTERPRETATION ....................................................................................... 26 B. RISK FACTORS ...................................................................................................................... 26 II. INFORMATION ABOUT THE SCHEME: ............................................................................. 33 A. WHERE WILL THE SCHEME INVEST ................................................................................ 33 B. WHAT ARE THE INVESTMENT RESTRICTIONS? ........................................................... 35 C. FUNDAMENTAL ATTRIBUTES ........................................................................................... 38 D. INDEX METHODOLOGY ...................................................................................................... 40 E. OTHER SCHEME SPECIFIC DISCLOSURES: ..................................................................... 42 III. OTHER DETAILS ...................................................................................................................... 56 A. DETAILS OF UNDERLYING FUND ..................................................................................... 56 B. PERIODIC DISCLOSURES .................................................................................................... 58 C. TRANSPARENCY/NAV DISCLOSURE ............................................................................... 60 D. TRANSACTION CHARGES AND STAMP DUTY- ............................................................. 60 Page 3 of 63 Mirae Asset Nifty Metal ETF FOFE. ASSOCIATE TRANSACTIONS ............................................................................................. 61 F. TAXATION .............................................................................................................................. 61 G. RIGHTS OF UNITHOLDERS ................................................................................................. 63 H. LIST OF OFFICIAL POINTS OF ACCEPTANCE ................................................................. 63 I. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY ................................... 63 Page 4 of 63 Mirae Asset Nifty Metal ETF FOFPart I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description I. Name of the Mirae Asset Nifty Metal ETF FOF scheme II. Category of the Fund of Fund – Domestic Scheme III. Scheme type An open-ended fund of fund scheme investing in units of Mirae Asset Nifty Metal ETF SO-7 IV. Scheme code It is to be obtained from NSDL and will be updated at the time of filing launch SID with SEBI SO-5 V. Investment The investment objective of the scheme is to provide long-term capital objective appreciation from a portfolio investing in units of Mirae Asset Nifty Metal ETF. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved. VI. Liquidity The Scheme will offer units for purchases/switch-ins and redemptions/switch-outs Facility at NAV based prices on all business days on an ongoing basis. Repurchase of Units will be at the NAV prevailing on the date the units are tendered for repurchase. As per SEBI Regulations, the Mutual Fund shall dispatch redemption proceeds within 4 Business Days of receiving a valid redemption request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not made within 4 Business Days from the date of receipt of a valid redemption request. Further, clause 14.1.3 of SEBI Master Circular for Mutual Funds dated June 27, 2024 has provided list of exceptional instances wherein additional time has been allowed for payment of redemption or repurchase proceeds. SO-25 VII. Benchmark The Benchmark of the scheme is Nifty Metal TRI (Total Return Index) (Total Return Index) Rationale for adoption of benchmark: The Trustees have adopted Nifty Metal Index as the benchmark index. The Nifty Metal Index has been chosen as the benchmark since the underlying Mirae Asset Nifty Metal ETF tracks the portfolio and performance of Nifty Metal Index. Since the scheme will invest in the units of Mirae Asset Nifty Metal ETF, Nifty Metal Index is an appropriate benchmark. The Trustee reserves the right to change the benchmark for evaluation of performance of the Scheme from time to time in conformity with the investment Page 5 of 63 Mirae Asset Nifty Metal ETF FOFobjectives and appropriateness of the benchmark subject to SEBI (MF) Regulations, and other prevailing guidelines, if any. VIII. NAV disclosure The AMC will calculate and disclose the first NAV under the Scheme not later than 5 Business Days from the date of allotment of units under the NFO Period. Subsequently, the NAV will be calculated and disclosed on all Business Day The AMC shall update the NAVs on the website of the Mutual Fund https://www.miraeassetmf.co.in/ and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 10.00 a.m. of the following business day. Further Details in Section II. IX. Applicable Timeline for timelines • Dispatch of redemption proceeds: 4 working days from the date of redemption • Dispatch of IDCW (if applicable) etc.: within 7 working days from the record date X. Plans and The Scheme will have Regular Plan and Direct Plan** with a common portfolio Options and separate NAVs. Investors should indicate the Plan for which the subscription Plans/Options is made by indicating the choice in the application form. and sub options under the Each of the above Regular and Direct Plan under the scheme will have the Scheme following Options: (1) Growth Option and (2) Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option shall have the following 2 sub-options: a) Payout of Income Distribution cum capital withdrawal option (“Payout of IDCW”) b) Reinvestment of Income Distribution cum capital withdrawal option (“Reinvestment of IDCW”). The default option for the unitholders will be Regular Plan - Growth Option if he is routing his investments through a distributor and Direct Plan – Growth option if he is a direct investor. If the unit holders select IDCW option but does not specify the sub-option then the default sub-option shall be Reinvestment of IDCW. Amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Investors subscribing under Direct Plan of the Scheme will have to indicate “Direct Plan” against the Scheme name in the application form i.e. “Mirae Asset Nifty Metal ETF FOF - Direct Plan”. Page 6 of 63 Mirae Asset Nifty Metal ETF FOFGuidelines for Processing of transactions received under Regular Plan with invalid ARN In accordance with AMFI circular no. 135/BP/ 111 /2023-24 dated February 2, 2024, transactions received in Regular Plan with Invalid ARN shall be processed in Direct Plan of the same Scheme (even if reported in Regular Plan), applying the below logic: Exec SUB EU ution Regular Plan / Primary ARN distribut IN Only Transa Direct Plan or ARN * Menti ction oned Type V V Inv Empa Inv Val ali ali Yes alid nelled alid id d d Lump Y Y Y Regular Sum/ Regist Y N Not applicable Direct ration N. N. N. Y Y N Regular* A. A. A. Y Y Y Y Regular Y Direct Y Y Y Y Regular Y Y Y Direct Trigge Y Not applicable Regular r Y Not applicable Direct The AMC reserves the right to introduce a new option / investment Plan at a later date, subject to the SEBI (MF) Regulations. The AMC also reserves the right to discontinue / withdraw any option / investment plan, if deemed fit, after taking approval of the Board of Directors of AMC and Trustee. **DIRECT PLAN: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through the stock exchange and is not available for investors who route their investments through a Distributor. For detailed disclosure on default plans and options, kindly refer SAI. XI. Load Structure Exit Load: • if redeemed or switched out within 15 days from the date of allotment: 0.05%, Page 7 of 63 Mirae Asset Nifty Metal ETF FOF• if redeemed or switched out after 15 days from date of allotment: Nil XII. Minimum During NFO: Rs. 5,000 per application and in multiples of Re. 1 thereafter. Application Units will be allotted in whole figures and the balance amount will be refunded. Amount/switch On continuous basis: Rs.5,000/- and in multiples of Re. 1/- thereafter. in Investments through SIP: Rs. 99/- and in multiples of Re.1/- thereafter XIII. Minimum For subsequent additional purchases, the investor can invest with the minimum Additional amount of Rs. 1000/- and in multiples of Re. 1/- thereafter. Purchase Amount The minimum amount for SIP shall be Rs. 99/- and in multiples of Re. 1 thereafter. XIV. Minimum The minimum redemption amount shall be ‘any amount’ or ‘any number of units’ Redemption/swit as requested by the investor at the time of redemption request. ch out amount XV. New Fund Offer NFO for Mirae Asset Nifty Metal ETF FOF: Period opens on: XX/XX/XXXX closes on: XX/XX/XXXX This is the period during which a The Trustee may close subscription list earlier by giving at least one day’s notice new scheme sells in one daily national newspaper. The Trustee reserves the right to extend the its units to the closing date of the NFO Period, subject to the condition that the entire NFO investors period including the extension, shall not be kept open for more than 15 days. Further, the NFO shall remain open for subscription for a minimum period of 3 working days in accordance with SEBI Circular dated April 25, 2023. Any such extension shall be announced by way of a notice – cum – addendum as prescribed by the SEBI regulation. SO-34 Any modification to the New Fund Offer Period shall be announced by way of an Addendum uploaded on website of the AMC. XVI. New Fund Offer Offer for units of Rs. 10/- each Price This is the price per unit that the investors have to pay to invest during the NFO XVII. Segregated The Scheme has the provision to segregate a portfolio comprising of debt or portfolio/side money market instrument affected by a credit event. SO-53 pocketing disclosure For Details, kindly refer SAI XVIII Swing pricing Not Applicable disclosure XIX. Stock The Scheme does not intend to participate in stock lending/securities lending. lending/short selling Page 8 of 63 Mirae Asset Nifty Metal ETF FOFXX. How to Apply Investors can undertake transactions in the Schemes of Mirae Asset Mutual Fund and other details either through physical, online / electronic mode or any other mode as may be SO-35 prescribed from time to time. Physical Transaction: Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the AMC or RTA or Distributors or can be downloaded from our website www.miraeassetmf.co.in. Online / Electronic Transactions Investors can undertake transactions via electronic mode through various online facilities offered by MAMF and other platforms specified by AMC from time to time. For further details of online / electronic mode please refer SAI. The list of the OPA / ISC are available on our website as well. For further details, refer Section II XXI. Investor services C ontact Details for general service requests and complaint resolution: Ms. Venuka Amla Mirae Asset Investment Managers (India) Pvt. Ltd. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Telephone Nos.: 6780 0300 e-mail: customercare@miraeasset.com Investors may contact any of the ISCs or the AMC by calling the investor line of the AMC at "1800 2090 777" or visit the website at www.miraeassetmf.co.in for complete details. XXIII Specific Nil attribute of the scheme (such as lock in, duration in case of target maturity scheme/close ended schemes) (as applicable) XXIV Special product The following facilities are available under the Scheme during the NFO: /facility • Switching available during • Transaction through electronic mode NFO and on • Auto Switch ongoing basis Page 9 of 63 Mirae Asset Nifty Metal ETF FOFThe following facilities are available under the Scheme: • Systematic Investment Plan - Top-up Facility - SIP Pause Facility - Multi-SIP Facility - SIP Step-up & Top-up facility - Choti SIP facility - Daily SIP through UPI autopay mode • Mirae Asset MF Mobile Application Facility • Transacting through Email (Applicable for Non – Individual Investors) • Systematic Transfer Plan - Flexi STP (Flexible STP) • Systematic Withdrawal Plan • C- SIP (Corporate SIP) • WhatsApp Chatbot facility • One Time Mandate (OTM) Facility • UPI (Unified Payments Interface) AutoPay Mandate facility • Interscheme Switching • Intrascheme Switching For further details of above special products / facilities, kindly refer SAI. XXV. Weblink A weblink for Daily TER and TER for last 6 months: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/total-expense- ratio A weblink for scheme factsheet: https://www.miraeassetmf.co.in/downloads/factsheet Page 10 of 63 Mirae Asset Nifty Metal ETF FOFDUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that: (i) The Draft Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time. (ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. (iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well-informed decision regarding investment in the Scheme. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date. (v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct (vi) A confirmation that the AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/ that there are no deviations from the regulations (vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. (viii) The Trustees have ensured that the Mirae Asset Nifty Metal ETF FOF approved by them is a new product offered by Mirae Asset Mutual Fund and is not a minor modification of any existing scheme/fund/product. Sd/- Date: XX/XX/XXXX Name: Rimmi Jain Place: Mumbai Designation: Head – Compliance, Legal and Company Secretary Page 11 of 63 Mirae Asset Nifty Metal ETF FOFPart II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Under normal circumstances, the asset allocation will be as follows: Indicative allocation Types of Instruments (% of tot al assets) Minimum Maximum Units of Mirae Asset Nifty Metal ETF 95 100 Money market instruments / debt securities, Instruments and/or 0 5 SO-13 units of debt/liquid schemes of domestic Mutual Funds SO-18 The Scheme does not intend to undertake/ invest/ engage in: • Securitised debt • Debt Instruments with Structured obligation/Credit enhancements • Instruments having Special Features as defined under clause 12.2 of SEBI Master Circular dated June 27, 2024 • Derivatives • Repo in corporate debt securities • Securities lending or short selling • Credit Default Swaps • ADR/ GDR / Foreign Securities • Unrated Debt instruments • ReITs and InvITs • Fund of Fund Schemes; The Scheme will invest in the units of Mirae Asset Nifty Metal ETF managed by Mirae Asset SO-17 Mutual Fund as per the above stated asset allocation. The cumulative gross exposure through Units of Mirae Asset Nifty Metal ETF, Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds shall not exceed 100% of the net assets of the Scheme in accordance with Clause 12.24 of SEBI Master Circular dated June 27, 2024. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating SO-14 any exposure. SEBI vide letter dated November 3, 2021 has clarified that Cash Equivalent shall consist of Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days. Debt securities include, but are not limited to, debt securities of the Government of India, State and Local Governments, Government Agencies, Statutory Bodies, Public Sector Undertakings, Public Sector Banks or Private Sector Banks or any other Banks, Financial Institutions, Development Financial Institutions, and Corporate Entities, collateralized debt securities or any other instruments as may be prevailing and permissible under the Regulations from time to time). The debt securities (including money market instruments) referred to above could be fixed rate or floating rate, listed, unlisted, privately placed, unrated among others, as permitted by regulation. Page 12 of 63 Mirae Asset Nifty Metal ETF FOFPending deployment of funds of a scheme in securities in terms of investment objectives of the scheme a mutual fund can invest the funds of the scheme in short term deposits of scheduled commercial banks. The investment in these deposits shall be in accordance with clause 12.16 of SEBI Master Circular dated June 27, 2024. Further, the Scheme may, for meeting liquidity requirements invest in units of money market/liquid SO-13 schemes of Mirae Asset Mutual Fund and/or any other mutual fund provided that aggregate inter- scheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value SO-21 of the mutual fund. The AMC shall not charge any investment management fees with respect to such investment. Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars) SO-19 Sl. no Type of Instrument Percentage of Circular references* exposure 1 Derivatives 0% Clause 12.25 of SEBI Master Circular dated June 27, 2024 3 Securities Lending/ Short 0% Clause 12.11 of SEBI Master Selling Circular dated June 27, 2024 4 Securitized Debt 0% Clause 12.15 of SEBI Master Circular dated June 27, 2024 5 Overseas Securities 0% Clause 12.19 of SEBI Master Circular dated June 27, 2024 6 Debt Instruments with 0% Clause 12.3 of SEBI Master Structured Obligations / Circular dated June 27, 2024 Credit enhancements 7 Repo in Corporate Debt 0% Clause 12.18 of SEBI Master Securities Circular dated June 27, 2024 8 Credit default swaps 0% Clause 12.28 of SEBI Master Circular dated June 27, 2024 9 ReITS and InVITS 0% Clause 12.21 of SEBI Master Circular dated June 27, 2024 10 Instruments having Special 0% Clause 12.2 of SEBI Master Features Circular dated June 27, 2024 11 Units of underlying ETF Upto 100% -- 12 Unrated Debt Instruments 0% Clause 12.1.5 of SEBI Master Circular dated June 27, 2024 13 Fund of Fund Schemes 0% Clause 9A of Seventh Schedule of SEBI (Mutual Funds) Regulations, 1996 *SEBI circular references (wherever applicable) in support of exposure limits of different types of asset classes in asset allocation shall be provided. Page 13 of 63 Mirae Asset Nifty Metal ETF FOFRebalancing due to passive breach SO-22 In the event of deviation from mandated asset allocation mentioned above due to passive breaches, the rebalancing will be carried out in 30 business days. Where the portfolio is not rebalanced within 30 business days, justification for the same including details of efforts taken to rebalance the portfolio shall be placed before the Investment Committee and reasons for the same shall be recorded in writing. The Investment Committee, if so desires, can extend the timelines up to sixty (60) business days from the date of completion of mandated rebalancing period in accordance with clause 2.9 of SEBI Master Circular dated June 27, 2024. However, at all times the portfolio will adhere to the overall investment objectives of the Scheme. In case the portfolio of schemes is not rebalanced within the aforementioned mandated plus extended timelines, AMCs shall: o not be permitted to launch any new scheme till the time the portfolio is rebalanced; o not to levy exit load, if any, on the investors exiting such scheme SO-24 Rebalancing of deviation due to short term defensive consideration SO-23 Subject to SEBI (MF) Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages can vary substantially depending upon the perception of the Investment Manager; the intention being at all times to seek to protect the interests of the Unit holders. As per clause 1.14.1.2 of SEBI Master Circular dated June 27, 2024 such changes in the investment pattern will be for short term and for defensive consideration only. In the event of deviations, portfolio rebalancing will be carried out within 30 calendar days in such cases. Timelines for deployment of funds collected in NFO: In line with SEBI circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, deployment of the funds garnered in NFO shall be made within 30 business days from the date of allotment of units. In an exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee. The Investment Committee, after examining the root cause for delay may extend the timeline by 30 business days. B. WHERE WILL THE SCHEME INVEST? SO-29 1. Units of Mirae Asset Nifty Metal ETF 2. Debt & Money Market Instruments 3. Any other instruments, as may be permitted by RBI / SEBI / such other Regulatory Authority, from time to time, subject to Regulatory approvals. Page 14 of 63 Mirae Asset Nifty Metal ETF FOFDetailed definition and applicable regulations/guidelines for each instrument shall be included in Section II. C. WHAT ARE THE INVESTMENT STRATEGIES? SO-27 As per investment objective, the scheme will be managed passively with investment in units of SO-28 Mirae Asset Nifty Metal ETF. Investments made from the net assets of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations Though every endeavour will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustee does not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme. RISK CONTROL Risk is an inherent part of the investment function. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objective of the Scheme and provisions of SEBI (MF) Regulations. AMC has incorporated adequate safeguards to manage risk in the portfolio construction process. Risk control would involve managing risk in order to keep it in line with the investment objective of the Scheme. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools like but not limited to calculating risk ratios, tracking error etc. The AMC has implemented Bloomberg as the Front Office and Settlement System (FOS). The system has incorporated all the investment restrictions as per SEBI guidelines and “soft” warning alerts at appropriate levels for preemptive monitoring. The system enables identifying & measuring the risk through various risk measurement tools like various risk ratios, average duration and analyzes the same so as to act in a preventive manner. The risk control measures for managing the debt portion of the scheme are: 1. Monitoring risk adjusted returns performance of the fund with respect to its peers and its benchmark. 2. Tracking analysis of the fund on various risk parameters undertaken by independent fund research / rating agencies or analysts and take corrective measures if needed. 3. Credit analysis plays an important role at the time of purchase of bond and then at the time of regular performance analysis. Our internal research anchors the credit analysis. Sources for credit analysis include Capital Line, CRISIL, ICRA updates etc. Debt ratios, financials, cash flows are analyzed at regular intervals to take a call on the credit risk. 4. We define individual limits for G-Sec, money market instruments, MIBOR linked debentures and corporate bonds exposure, for diversification reasons. Page 15 of 63 Mirae Asset Nifty Metal ETF FOFThe Scheme does not propose to underwrite issuances of securities of other issuers. There will be no exposure to securitized debt securities in the portfolio Policy for Investment decisions The investment policy of the AMC has been determined by the Investment Committee (“IC”) which has been ratified by the Boards of the AMC and Trustee. At the strategic level, the broad investment philosophy of the AMC and the authorized exposure limits are spelt out in the Investment Policy of the AMC. During trading hours, the Fund Managers have the discretion to take investment decisions for the Scheme within the limits defined in the Investment Policy, these decisions and the reasons thereof are communicated to the CEO for post facto approval. The designated Fund Manager(s) of the Scheme will be responsible for taking day-to-day investment decisions and will inter-alia be responsible for asset allocation, security selection and timing of investment decisions. Portfolio Turnover Policy Portfolio turnover is defined as the aggregate value of purchases or sales as a percentage of the corpus of a scheme during a specified period of time. The Scheme is open ended, with subscriptions and redemptions expected on a daily basis, resulting in net inflow/outflow of funds, and on account of the various factors that affect portfolio turnover; it is difficult to give an estimate, with any reasonable amount of accuracy. However, during volatile market conditions, the fund manager has the flexibility to churn the portfolio actively to optimize returns keeping in mind the cost associated with it. D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? SO-25 Benchmark (Total Returns Index): Nifty Metal Total Return Index Rationale for adoption of benchmark: The Nifty Metal Index has been chosen as the benchmark since the underlying Mirae Asset Nifty Metal ETF tracks the portfolio and performance of Nifty Metal Index. Since the scheme will invest in the units of Mirae Asset Nifty Metal ETF, Nifty Metal Index is an appropriate benchmark. E. WHO MANAGES THE SCHEME? SO-33 Particulars Details Details i. Name Ms. Ekta Gala Mr. Akshay Udeshi ii. Age 32 years 31 years iii. Educational B. Com & Inter CA (IPCC) MBA - Finance; B.E (Electronics) Qualification iv. Past experience Ms. Ekta Gala has over 7 years of Mr. Akshay Udeshi has over 6 years of experience as a dealer. Prior to this experience in the field of financial assignment, Ms. Ekta Gala was services. He has been associated with associated with ICICI Prudential Asset the AMC since June 2021. Prior to this Page 16 of 63 Mirae Asset Nifty Metal ETF FOFManagement Company Ltd. assignment, Mr. Udeshi was associated with Reliance Retail Other schemes being managed by Ms. Limited where he was involved in Ekta Gala are: product development in the affordability space. He also has an 1. Mirae Asset Nifty 100 ESG experience with L&T Financial Sector Leaders ETF Services where he was involved in 2. Mirae Asset Nifty 100 Low product management of secured Volatility 30 ETF lending products. 3. Mirae Asset Nifty 50 ETF 4. Mirae Asset Nifty Bank ETF Others schemes managed/co-managed 5. Mirae Asset Nifty Financial by him: Services ETF 6. Mirae Asset Nifty India 1. Mirae Asset Gold ETF Manufacturing ETF 2. Mirae Asset Nifty 100 ESG 7. Mirae Asset Nifty Midcap 150 Sector Leaders ETF ETF 3. Mirae Asset Nifty 100 Low 8. Mirae Asset Nifty Next 50 ETF Volatility 30 ETF 9. Mirae Asset BSE Sensex ETF 4. Mirae Asset Nifty India 10. Mirae Asset Hang Seng TECH Manufacturing ETF ETF Fund of Fund 5. Mirae Asset Silver ETF 11. Mirae Asset Nifty 100 ESG 6. Mirae Asset Hang Seng TECH Sector Leaders Fund of Fund ETF Fund of Fund 12. Mirae Asset Nifty India 7. Mirae Asset Nifty 100 ESG Manufacturing ETF Fund of Fund Sector Leaders Fund of Fund 13. Mirae Asset NYSE FANG + ETF 8. Mirae Asset Nifty India Fund of Fund Manufacturing ETF Fund of Fund 14. Mirae Asset S&P 500 Top 50 ETF 9. Mirae Asset NYSE FANG + ETF Fund of Fund Fund of Fund 15. Mirae Asset Nifty 200 Alpha 30 10. Mirae Asset S&P 500 Top 50 ETF ETF Fund of Fund 16. Mirae Asset Nifty IT ETF 11. Mirae Asset Nifty 200 Alpha 30 17. Mirae Asset Nifty Smallcap 250 ETF Momentum Quality 100 ETF 12. Mirae Asset Nifty50 Equal 18. Mirae Asset Nifty Smallcap 250 Weight ETF Momentum Quality 100 ETF 13. Mirae Asset Nifty Smallcap 250 Fund of Fund Momentum Quality 100 ETF 19. Mirae Asset Nifty Fund of Fund MidSmallcap400 Momentum 14. Mirae Asset Nifty Quality 100 ETF MidSmallcap400 Momentum 20. Mirae Asset Nifty Quality 100 ETF MidSmallcap400 Momentum 15. Mirae Asset Nifty EV and New Quality 100 ETF Fund of Fund Age Automotive ETF 21. Mirae Asset Nifty EV and New 16. Mirae Asset Nifty200 Alpha 30 Age Automotive ETF ETF Fund of Fund 22. Mirae Asset Nifty200 Alpha 30 17. Mirae Asset Nifty PSU Bank ETF ETF Fund of Fund 18. Mirae Asset Nifty Metal ETF 23. Mirae Asset Nifty500 Multicap 19. Mirae Asset Gold ETF Fund of Page 17 of 63 Mirae Asset Nifty Metal ETF FOF50:25:25 ETF Fund 24. Mirae Asset Nifty PSU Bank ETF 20. Mirae Asset Nifty India New Age 25. Mirae Asset Nifty Metal ETF Consumption ETF 26. Mirae Asset Nifty LargeMidcap 21. Mirae Asset Nifty India New Age 250 Index Fund Consumption ETF Fund of Fund 27. Mirae Asset Nifty 50 Index Fund 22. Mirae Asset BSE 200 Equal 28. Mirae Asset Nifty Total Market Weight ETF Index Fund 23. Mirae Asset BSE Select IPO ETF 29. Mirae Asset Nifty India New Age 24. Mirae Asset BSE Select IPO ETF Consumption ETF Fund of Fund 30. Mirae Asset Nifty India New Age 25. Mirae Asset Nifty India Internet Consumption ETF Fund of Fund ETF 31. Mirae Asset BSE 200 Equal 26. Mirae Asset Nifty Energy ETF Weight ETF 27. Mirae Asset Nifty Smallcap 250 32. Mirae Asset BSE 200 Equal Momentum Quality 100 ETF Weight ETF Fund of Fund 28. Mirae Asset Nifty 33. Mirae Asset BSE Select IPO ETF MidSmallcap400 Momentum 34. Mirae Asset BSE Select IPO ETF Quality 100 ETF Fund of Fund Fund of Fund 29. Mirae Asset BSE 500 Dividend 35. Mirae Asset Nifty50 Equal Leaders 50 ETF Weight ETF 30. Mirae Asset Nifty Top 20 Equal 36. Mirae Asset Nifty India Internet Weight ETF ETF 37. Mirae Asset Nifty Energy ETF 38. Mirae Asset Nifty Smallcap 250 ETF 39. Mirae Asset BSE 500 Dividend Leaders 50 ETF v. Tenure for NIL since it’s a new scheme which the fund manager has been managing the scheme F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? The existing Fund of Fund of Mirae Asset Mutual Fund are as below: 1. Mirae Asset Diversified Equity Allocator Passive FOF 2. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund 3. Mirae Asset NYSE FANG + ETF Fund of Fund 4. Mirae Asset S&P 500 TOP 50 ETF Fund of Fund 5. Mirae Asset Hang Seng TECH ETF Fund of Fund 6. Mirae Asset Nifty India Manufacturing ETF Fund of Fund 7. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Page 18 of 63 Mirae Asset Nifty Metal ETF FOF8. Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF 9. Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund Of Fund 10. Mirae Asset Gold ETF Fund of Fund 11. Mirae Asset Nifty India New Age Consumption ETF Fund of Fund 12. Mirae Asset BSE 200 Equal Weight ETF Fund of Fund 13. Mirae Asset BSE Select IPO ETF Fund of Fund 14. Mirae Asset Multi Factor Passive FOF 15. Mirae Asset Gold Silver Passive FoF 16. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund 17. Mirae Asset Income plus Arbitrage Active FOF The table showing the differentiation of the Scheme with the existing Fund of Fund of Mirae Asset Mutual Fund is available at: https://www.miraeassetmf.co.in/downloads/statutory- disclosure/other-disclosure/offer-documents-data G. HOW HAS THE SCHEME PERFORMED? This scheme is a new scheme and does not have any performance track record. H. ADDITIONAL SCHEME RELATED DISCLOSURES The requirement of following additional disclosures applicable for the Scheme: This is a new Scheme and therefore, the requirement of following additional disclosures shall not be applicable for the Scheme: i. Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards various sectors are available on functional website link ii. Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme in case of debt and equity ETFs/index funds through a functional website link that contains detailed description iii. Functional website link for Portfolio Disclosure iv. Portfolio Turnover Ratio v. The aggregate investment in the Scheme by For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI. vi. Investments of AMC in the Scheme The AMC shall not invest in any of the schemes unless full disclosure of its intention to invest SO-58 has been made in the Scheme Information Document and that the AMC shall not be entitled to charge any fees on such investment Page 19 of 63 Mirae Asset Nifty Metal ETF FOFPart III- OTHER DETAILS A. COMPUTATION OF NAV The NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by the number of Units outstanding on the valuation date. NAV of Units under the Options there under can be calculated as shown below: NAV = (Market or Fair Value of Scheme’s investments + Current assets including Accrued Income - Current Liabilities and provisions including accrued expenses) __________________________________________________________________ No. of Units outstanding under the Scheme/Option. The NAV, the sale and repurchase prices of the Units will be calculated and announced at the close of each working day. The NAVs of the Scheme will be computed and units will be allotted upto 3 decimals. Computation of NAV will be done after taking into account IDCW paid, if any, and the distribution tax/TDS thereon, if applicable. Therefore, once IDCW are distributed under the IDCW Option, the NAV of the Units under the IDCW Option would always remain lower than the NAV of the Units issued under the Growth Option. The income earned and the profits realized in respect of the Units issued under the Growth Option remain invested and are reflected in the NAV of the Units. The valuation of the Schemes’ assets and calculation of the Schemes’ NAVs shall be subject to audit on an annual basis and such regulations as may be prescribed by SEBI from time to time. Illustration on Computation of NAV: SO-42 If the net assets of the Scheme are Rs.10,65,44,345.34 and units outstanding are 1,00,00,000 then the NAV per unit will be computed as follows: 10,65,44,345.34 / 1,00,00,000 = Rs. 10.654 p.u. (rounded off to three decimals) Methodology for calculation of sale and re-purchase price of the units of mutual fund scheme: • Ongoing Price for subscription (purchase)/ switch-in (from other schemes/ plans of the mutual fund) by investors. (This is the price you need to pay for purchase/ switch-in): The Sale Price for a valid purchase will be the Applicable NAV. i.e. Sale Price = Applicable NAV For a valid purchase request of Rs. 10,000 where the applicable NAV is Rs. 11.1234, the units allotted will be: = 10,000 (i.e. purchase amount 11.1234 (i.e. applicable NAV) Page 20 of 63 Mirae Asset Nifty Metal ETF FOF= 899.006 units (rounded to three decimals) other charges/expenses, if any, borne by the investors have not been considered in the above illustration. • Ongoing Price for redemption (sale)/ switch-outs (to other schemes/plans of the mutual fund) by investors. (This is the price you will receive for redemptions/ switch-outs): The Repurchase Price for a valid repurchase will be the applicable NAV reduced by any exit load (say 1%). i.e. applicable NAV - (applicable NAV X applicable exit load). For a valid repurchase request where the applicable NAV is Rs. 12.1234, the repurchase price will be: = 12.1234 - (12.1234 X 1.00%) = 12.1234 - 0.1212 = Rs. 12.0022 Therefore, for a repurchase of 899.006 units, the proceeds received by the investor will be - = 899.006 (units) * 12.0022 (Repurchase price) = Rs. 10,790.049 (rounded to three decimals) Other charges/expenses, if any, borne by the investors have not been considered in the above illustration. The Mutual Fund may charge the load within the stipulated limit of 3% and without any discrimination to any specific group. The Repurchase Price however, will not be lower than 97% of the NAV. For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV etc. refer to SAI. B. NEW FUND OFFER (NFO) EXPENSES These expenses incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar expenses, printing and stationary, bank charges etc. will be borne by the AMC. No NFO expenses will be charged to the Scheme. C. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: The AMC has estimated that upto 1% of the daily net assets of the scheme will be charged to the scheme as expenses. For the actual current expenses being charged, the investor should refer to Page 21 of 63 Mirae Asset Nifty Metal ETF FOFthe website of the mutual fund https://www.miraeassetmf.co.in/downloads/statutory- disclosure/total-expense-ratio % p.a. of daily Net Assets* Expense Head (Estimated p.a.) Investment Management & Advisory Fee Upto 1.00% Audit fees/fees and expenses of trustees Custodial Fees Registrar & Transfer Agent Fees including cost of providing account statements / IDCW / redemption cheques/ warrants Marketing & Selling Expenses including Agents Commission and statutory advertisement** Costs related to investor communications Costs of fund transfer from location to location Brokerage & transaction cost pertaining to distribution of units Goods & Services Tax on expenses other than investment and advisory fees Goods & Services Tax on brokerage and transaction cost Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations) * Maximum Total expenses ratio (TER) permissible under Regulation 52 Upto 1.00% (6) (c) ^ Additional expenses under regulation 52 (6A) (c) Upto 0.05% Since it is a Fund of Fund Scheme, the investor shall bear the recurring expense of the scheme in addition to the expense of the underlying scheme Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s), subject to the overall ceilings as stated in the above table. SO-45 The total expense ratio of Mirae Asset Nifty Metal ETF FOF including the total expense ratio of underlying scheme shall be within the regulatory limits of 1% in terms of Regulation 52 clause 6 sub clause (a)(i) of the SEBI Mutual Funds Regulations. *Other expenses: Any other expenses which are directly attributable to the Scheme, may be charged with approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited. ^ Such expenses will not be charged if exit load is not levied/not applicable to the scheme. For the actual current expenses being charged, the investor should refer to the website of the Mutual Fund. Page 22 of 63 Mirae Asset Nifty Metal ETF FOF**Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. The TER of the Direct Plan will be lower to the extent of the abovementioned distribution expenses/ commission which is charged in the Regular Plan. All fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in a regular plan. The purpose of the above table is to assist the investor in understanding the various costs & expenses that the investor in the Scheme will bear directly or indirectly. These estimates have been made in good faith as per the information available to the AMC and the above expenses (including investment management and advisory fees) are subject to inter-se change and may increase/decrease as per actual and/or any change in the Regulations, as amended from time to time. All scheme related expenses including commission paid to distributors, by whatever name it may be called and in whatever manner it may be paid, shall necessarily be paid from the scheme only within the regulatory limits and not from the books of the Asset Management Companies (AMC), its associate, sponsor, trustee or any other entity through any route. All fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in a regular plan. The TER of the Direct Plan will be lower to the extent of the distribution expenses/commission which is charged in the Regular Plan and no commission for distribution of Units will be paid / charged under the Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [‘SEBI Regulations’] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely:- a) GST payable on investment and advisory service fees (‘AMC fees’) charged by Mirae Asset Investment Managers (India) Private Limited (‘Mirae Asset AMC)’; Within the Total Expense Limit chargeable to the Scheme, following will be charged to the Scheme: (a) GST on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme; (b) Brokerage and transaction cost incurred for the purpose of execution shall be charged to the schemes (a) up to 12 bps and 5 bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage & transaction costs, over and above the said 12 bps and 5 bps for cash market transactions and derivatives transactions respectively may be charged to the Scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. The current expense ratios will be updated on the AMC website https://miraeassetmf.co.in/downloads/regulatory at least 3 working days prior to the effective date of the change. Further, the notice of change in base TER (i.e. TER excluding additional expenses provided in Regulation 52(6A) (b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996) in comparison to Page 23 of 63 Mirae Asset Nifty Metal ETF FOFprevious base TER charged to the scheme will be communicated to investors of the scheme through notice via email or SMS at least three working days prior to effecting such change. However, any decrease in TER due to decrease in applicable limits as prescribed in Regulation 52 (6) (i.e. due to increase in daily net assets of the scheme) would not require issuance of any prior notice to the investors. Further, such decrease in TER will be immediately communicated to investors of the scheme through email or SMS and uploaded on the AMC website. The above change in the base TER in comparison to previous base TER charged to the scheme shall be intimated to the Board of Directors of AMC along with the rationale recorded in writing. The changes in TER shall also be placed before the Trustees on quarterly basis along with rationale for such changes. SO-44 Illustration of impact of expense ratio on scheme’s returns (by providing simple example) Particulars Regular Plan Direct Plan Opening NAV per unit A 10.0000 10.0000 Gross Scheme Returns @ 8.75% B 0.8750 0.8750 Expense Ratio @ 1.50 % p.a. C = (A x 1.50%) 0.1500 0.1500 Distribution Expense Ratio @ 0.25 % p.a. D = (A x 0.25%) 0.0250 0.0000 * Total Expenses E = C + D 0.1750 0.1500 Closing NAV per unit F = A + B - E 10.7000 10.7250 Net 1 Year Return F/A - 1 7.00% 7.25% *Distribution/Brokerage expense is not levied in direct plan The above calculation is provided to illustrate the impact of expenses on the scheme returns and should not be construed as indicative Expense Ratio, yield or return D. LOAD STRUCTURE Exit Load is an amount which is paid by the investor to redeem the units from the scheme. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (https://www.miraeassetmf.co.in/) or may call at ‘1800 2090 777’ or your distributor. Type of Load Load chargeable (as %age of NAV) Exit • if redeemed or switched out within 15 days from the date of allotment: 0.05%, • if redeemed or switched out after 15 days from date of allotment: Nil For any change in exit load, AMC will issue an addendum and display it on the website/Investor Service Centres. No Exit Load shall be levied in case of switch transactions from Regular Plan to Direct Plan vice versa. Page 24 of 63 Mirae Asset Nifty Metal ETF FOFThe Mutual Fund may charge the load within the stipulated limit of 3% and without any discrimination SO-47 to any specific group. The Repurchase Price however, will not be lower than 97% of the NAV. The Trustee reserves the right to modify/alter the load structure and may decide to charge on the Units with prospective effect, subject to the maximum limits as prescribed under the SEBI Regulations. At the time of changing the load structure, the AMC shall take the following steps: • Arrangements shall be made to display the changes/modifications in the SID in the form of a notice in all the Mirae Asset ISCs’ and distributors’ offices and on the website of the AMC. • The notice–cum-addendum detailing the changes shall be attached to SIDs and Key Information Memoranda. The addendum will be circulated to all the distributors so that the same can be attached to all SIDs and Key Information Memoranda already in stock. • The introduction of the exit load along with the details shall be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load. • A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated. • Any other measures which the mutual funds may feel necessary. The AMC may change the load from time to time and in case of an exit/repurchase load this may be linked to the period of holding. It may be noted that any such change in the load structure shall be applicable on prospective investment only. The exit load (net off GST, if any, payable in respect of the same) shall be credited to the Scheme of the Fund. The distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Page 25 of 63 Mirae Asset Nifty Metal ETF FOFSection II I. Introduction A. Definitions/interpretation Please refer the definitions/interpretation as disclosed under: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer- documents-data B. Risk factors Standard Risk Factors: • Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal • As the price / value / interest rate of the securities in which the Scheme invests fluctuates, the value of your investment in the scheme can go up or down depending on various factors and forces affecting capital markets and money markets. • Past performance of the Sponsor/ AMC/ Mutual Fund does not guarantee the future performance of the Scheme. • The name of the Scheme does not in any manner indicate its quality or its future prospects and returns. • The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. • The present scheme is not a guaranteed or assured return scheme. SO-8 Scheme Specific Risk Factors Some of the specific risk factors related to the Scheme include, but are not limited to the following: • As the investors are incurring expenditure at both the Fund of Funds level and the scheme into which the Fund of Funds invests, the returns that they may obtain may be materially impacted or may at times be lower than the returns that investors may obtain by directly investing in such schemes. • As the Fund of Funds scheme will invest into an underlying scheme, the expense charged being dependent on the structure of the underlying scheme (being different), it may lead to a non- uniform charging of expenses over a period of time. • In the Fund of Funds (FOF) factsheets and disclosures of portfolio will be limited to providing the particulars of the schemes invested at FOF level, thus investors may not be able to obtain specific details of the investments of the underlying schemes. • The fund of funds scheme may have different returns/performance than the underlying scheme due to various reasons. The return of the Fund of Funds may be adversely impacted by Total expense ratio, cash drag, timing and pricing difference b/w the subscription/redemption in the Fund of Funds v/s underlying scheme, operational and transactional reasons etc. Page 26 of 63 Mirae Asset Nifty Metal ETF FOF• The scheme specific risk factors of the underlying schemes become applicable where a fund of funds invest. Investors who intend to invest in Fund of Funds are required to and are deemed to have read and understood the risk factors of the underlying scheme in which Fund of Funds scheme invest in. Copies of the Scheme Information Documents pertaining to the various schemes of Mirae Asset Mutual Fund, which disclose the relevant risk factors, are available at the Investor/Customer Service Centers or may be accessed at www.miraeassetmf.co.in. • The FOF may invest in the underlying ETF through stock exchange, where market price of underlying ETF may be different from its Indicative Net Asset Value (INAV)/NAV. This may affect the performance of the scheme. • The subscription and redemption in FOF are also dependent on the liquidity of the underlying scheme. The illiquidity of the same may affect the performance of the FOF. • A Fund Manager managing the Fund of Funds scheme may also be the Fund Manager for any underlying schemes. Risks Associated with Debt & Money Market Instruments • Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates. • Credit Risk: In simple terms this risk means that the issuer of a debenture/ bond or a money market instrument may default on interest payment or even in paying back the principal amount on maturity. Even where no default occurs, the price of a security may go down because the credit rating of an issuer goes down. It must, however, be noted that where the Scheme has invested in Government securities, there is no credit risk to that extent. • Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is today characteristic of the Indian fixed income market. • Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. • Pre-payment Risk: Certain fixed income securities give an issuer the right to call back its securities before their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower interest income for the fund. • Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the life of the security this spread may move adversely leading to loss in value of the portfolio. The yield of the underlying benchmark might not change, but the spread Page 27 of 63 Mirae Asset Nifty Metal ETF FOFof the security over the underlying benchmark might increase leading to loss in value of the security. • Concentration Risk: The Scheme portfolio may have higher exposure to a single sector, subject to maximum of 20% of net assets, depending upon availability of issuances in the market at the time of investment, resulting in higher concentration risk. Any change in government policy / businesses environment relevant to the sector may have an adverse impact on the portfolio. • Different types of securities in which the scheme would invest as given in the SID carry different levels and types of risk. Accordingly the scheme’s risk may increase or decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds, which are AA rated, are comparatively more risky than bonds, which are AAA rated. Risks associated with segregated portfolio • Investor holding units of segregated portfolio may not able to liquidate their holding till the time recovery of money from the issuer. • Security comprises of segregated portfolio may not realize any value. • Listing of units of segregated portfolio in recognized stock exchange does not necessarily guarantee their liquidity. There may not be active trading of units in the stock market. Further trading price of units on the stock market may be significantly lower than the prevailing NAV. Risks associated with investing in Tri-Party Repo through CCIL (TREPS) The mutual fund is a member of securities segment and Tri-party Repo trade settlement of the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government securities and in Triparty Repo trades are settled centrally through the infrastructure and settlement systems provided by CCIL; thus reducing the settlement and counterparty risks considerably for transactions in the said segments. CCIL maintains prefunded resources in all the clearing segments to cover potential losses arising from the default member. In the event of a clearing member failing to honor his settlement obligations, the default Fund is utilized to complete the settlement. The sequence in which the above resources are used is known as the “Default Waterfall”. As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s contribution to the default fund have been appropriated, CCIL’s contribution is used to meet the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated from the default fund contributions of the non-defaulting members. Thus the scheme is subject to risk of the initial margin and default fund contribution being invoked in the event of failure of any settlement obligations. In addition, the fund contribution is allowed to be used to meet the residual loss in case of default by the other clearing member (the defaulting member). However, it may be noted that a member shall have the right to submit resignation from the membership of the Security segment if it has taken a loss through replenishment of its contribution to the default fund for the segments and a loss threshold as notified have been reached. The maximum contribution of a member towards replenishment of its contribution to the default fund in the 7 days (30 days in case of securities segment) period immediately after the afore-mentioned loss threshold having been reached shall not exceed 5 times of its contribution to the Default Fund based on the last re-computation of the Default Fund or specified amount, whichever is lower. Further, it may be noted that, CCIL periodically prescribes a list of securities eligible for contributions as collateral by members. Presently, all Central Page 28 of 63 Mirae Asset Nifty Metal ETF FOFGovernment securities and Treasury bills are accepted as collateral by CCIL. The risk factors may undergo change in case the CCIL notifies securities other than Government of India securities as eligible for contribution as collateral.” The underlying schemes having exposure to the fixed income securities and/ or equity and equity related securities will be subject to the following risks and in turn the Scheme’s/ Plans’ performance will be affected accordingly. RISKS ASSOCIATED WITH INVESTING IN UNDERLYING SCHEMES (AS APPLICABLE): The scheme specific risk factors of the underlying schemes become applicable where a fund of funds invests. Investors who intend to invest in Fund of Funds are required to and are deemed to have read and understood the risk factors of the underlying scheme in which the Fund of Funds scheme invest in. Copies of the Scheme Information Documents pertaining to the various schemes of Mirae Asset Mutual Fund, which disclose the relevant risk factors, are available at the Customer Service Centers or may be accessed at www.miraeassetmf.co.in. Tracking Error and Tracking Difference Risk SO-10 The Fund Manager would not be able to invest the entire corpus exactly in the same proportion as in the underlying index due to certain factors such as the fees and expenses of the Scheme, corporate actions, cash balance, changes to the underlying index and regulatory restrictions, which may result in Tracking Error with the underlying index. The Scheme’s returns may therefore deviate from those of the underlying index. “Tracking Error” is defined as the standard deviation of the difference between daily returns of the underlying index and the NAV of the Scheme. Tracking Difference” is the annualized difference of daily returns between the Index and the NAV of the scheme (difference between fund return and the index return). Tracking Error and Tracking difference may arise including but not limited to the following reasons: • Expenditure incurred by the Fund. • Available funds may not be invested at all times as the Scheme may keep a portion of the funds in cash to meet Redemptions, for corporate actions or otherwise. • Securities trading may halt temporarily due to circuit filters. • Corporate actions such as debenture or warrant conversion, rights issuances, mergers, change in constituents etc. • Rounding-off of the quantity of shares in the underlying index. • Dividend payout. • Index providers undertake a periodical review of the scrips that comprise the underlying index and may either drop or include new scrips. In such an event, the Fund will try to reallocate its portfolio but the available investment/reinvestment opportunity may not permit absolute mirroring immediately. SEBI Regulations (if any) may impose restrictions on the investment and/or divestment activities of the Scheme Such restrictions are typically outside the control of the AMC and may cause or exacerbate the Tracking Error. It will be the endeavor of the fund manager to keep the tracking error as low as possible. However, in case of events like, dividend received from underlying securities, rights issue from underlying Page 29 of 63 Mirae Asset Nifty Metal ETF FOFsecurities, and market volatility during rebalancing of the portfolio following the rebalancing of the underlying index, etc. or in abnormal market circumstances may result in tracking error. There can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Index. Risks Associated with Equity Investments: • Equity and equity related securities are volatile and prone to price fluctuations on a daily basis. The liquidity of investments made in the Scheme may be restricted by trading volumes and settlement periods. Settlement periods may be extended significantly by unforeseen circumstances. The inability of the Scheme to make intended securities purchases, due to settlement problems, could cause the Scheme to miss certain investment opportunities. Similarly, the inability to sell securities held in the Scheme portfolio would result at times, in potential losses to the Scheme, should there be a subsequent decline in the value of securities held in the Scheme portfolio. Also, the value of the Scheme investments may be affected by interest rates, changes in law/ policies of the government, taxation laws and political, economic or other developments which may have an adverse bearing on individual Securities, a specific sector or all sectors. • Investments in equity and equity related securities involve a degree of risk and investors should not invest in the equity Schemes unless they can afford to take the risk of losing their investment. • Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger liquidity risk in comparison with securities that are listed on the exchanges or offer other exit options to the investors, including put options. The AMC may choose to invest in unlisted securities that offer attractive yields within the regulatory limit. This may however increase the risk of the portfolio. Additionally, the liquidity and valuation of the Scheme investments due to its holdings of unlisted securities may be affected if they have to be sold prior to the target date of disinvestment. Risks Associated with Debt & Money Market Instruments • Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates. • Credit Risk: In simple terms this risk means that the issuer of a debenture/ bond or a money market instrument may default on interest payment or even in paying back the principal amount on maturity. Even where no default occurs, the price of a security may go down because the credit rating of an issuer goes down. It must, however, be noted that where the Scheme has invested in Government securities, there is no credit risk to that extent. • Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is today characteristic of the Indian fixed income market. Page 30 of 63 Mirae Asset Nifty Metal ETF FOF• Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. • Pre-payment Risk: Certain fixed income securities give an issuer the right to call back its securities before their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower interest income for the fund. • Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the life of the security this spread may move adversely leading to loss in value of the portfolio. The yield of the underlying benchmark might not change, but the spread of the security over the underlying benchmark might increase leading to loss in value of the security. • Concentration Risk: The Scheme portfolio may have higher exposure to a single sector, subject to maximum of 20% of net assets, depending upon availability of issuances in the market at the time of investment, resulting in higher concentration risk. Any change in government policy / businesses environment relevant to the sector may have an adverse impact on the portfolio. • Different types of securities in which the scheme would invest as given in the SID carry different levels and types of risk. Accordingly the scheme’s risk may increase or decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds, which are AA rated, are comparatively more risky than bonds, which are AAA rated. Risks Associated with Derivatives The risks associated with the use of derivatives are different from or possibly greater than the risks associated with investing directly in securities and other traditional instruments. Such risks include mispricing or improper valuation and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Trading in derivatives carries a high degree of risk although they are traded at a relatively small amount of margin which provides the possibility of great profit or loss in comparison with the principal investment amount. The options buyer’s risk is limited to the premium paid, while the risk of an options writer is unlimited. However the gains of an options writer are limited to the premiums earned. The writer of a call option bears a risk of loss if the value of the underlying asset increases above the exercise price. The loss can be unlimited as underlying asset can increase to any levels. The writer of a put option bears the risk of loss if the value of the underlying asset declines below the exercise price and the loss is limited to strike price. Investments in futures face the same risk as the investments in the underlying securities. The extent of loss is the same as in the underlying securities. However, the risk of loss in trading futures contracts can be substantial, because of the low margin deposits required, the extremely high degree of leverage involved in futures pricing and the potential high volatility of the futures markets. The derivatives are also subject to liquidity risk as the securities in the cash markets. The derivatives market in India is nascent and does not have the volumes that may be seen in other developed markets, which may result in volatility in the values. For further details please refer to section “Investments Limitations and Restrictions in Derivatives” in this SID. Page 31 of 63 Mirae Asset Nifty Metal ETF FOFRisk Associated while transacting through Email (Applicable for Non – Individual Investors): The AMC allows investors for transacting in mutual fund units through email. This may involve certain risks which the investor should carefully consider. Investors should note that email based instructions are inherently vulnerable to risks such as interception, unauthorised access, phishing, spoofing, failed delivery and unintended transmission and should ensure appropriate safeguards are in place when using such mode of transaction. The AMC does not accept any responsibility or liability for any loss, damages or inconvenience caused due to errors, delays, non - receipt or unauthorised access associated with transacting through email. RISK MITIGATION MEASURES FOR UNDERLYING SCHEMES SO-9 Concentration Risk The Scheme will try and mitigate this risk by investing in large number of companies so as to maintain optimum diversification and keep stock-specific concentration risk relatively low. Liquidity Risk As such the liquidity of stocks that the fund invests into could be relatively low. The fund will try to maintain a proper asset-liability match to ensure redemption / Maturity payments are made on time and not affected by illiquidity of the underlying stocks. Risks Associated with Equity Investments: The scheme has a diversified portfolio to counter the volatility in the prices of individual stocks. Diversification in the portfolio reduces the impact of high fluctuations in daily individual stock prices on the portfolio. Risks Associated with Debt & Money Market Instruments Credit Risk - The fund has a rigorous credit research process. There is a regulatory and internal cap on exposure to each issuer. This ensures a diversified portfolio and reduced credit risk in the portfolio. While these measures are expected to mitigate the above risks to a large extent, there can be no assurance that these risks would be completely eliminated. Risk Mitigation measures • The FoF will invest in ETF, which in cumulation will endeavor to have a diversified equity portfolio comprising stocks across various sectors of the economy to reduce sector specific risks. All the underlying ETF scheme related risk factors will apply to the Fund of Fund. • Any investments in debt securities would be undertaken after assessing the associated credit risk, interest rate risk and liquidity risk. The Scheme will also invest in debt securities and money market instruments. Page 32 of 63 Mirae Asset Nifty Metal ETF FOF• The credit quality of the portfolio will be maintained and monitored using in-house research capabilities as well as inputs from external sources such as independent credit rating agencies. • The investment team will primarily use a top down approach for taking interest rate view, sector allocation along with a bottom up approach for security/instrument selection. • The bottom up approach will assess the quality of security/instrument (including the financial health of the issuer) as well as the liquidity of the security. • Investments in debt instruments carry various risks such as interest rate risk, reinvestment risk, credit risk and liquidity risk etc. Whilst such risks cannot be eliminated, they may be minimized through diversification. II. Information about the scheme: SO-29 A. Where will the scheme invest? Units of Mirae Asset Nifty Metal ETF The Scheme will invest in the units of Mirae Asset Nifty Metal ETF managed by Mirae Asset Mutual Fund as per the above stated asset allocation. The cumulative gross exposure through Units of Mirae Asset Nifty Metal ETF, Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds shall not exceed 100% of the net assets of the Scheme. Debt & Money Market Instruments: The Scheme will invest in debt and money market instruments. It retains the flexibility to invest across all the securities in the debt and money markets. Debt securities and Money Market Instruments will include but will not be limited to: a. Securities created and issued by the Central and State Governments as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills). b. Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills). c. Debt securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee. d. Corporate debt (of both public and private sector undertakings). e. money market instruments” includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; subject to regulatory approvals where applicable. f. Certificate of Deposits (CDs). g. Commercial Paper (CPs). A part of the net assets may be invested in the Tri-party repo or in an alternative investment as may be provided by RBI to meet the liquidity requirements. Page 33 of 63 Mirae Asset Nifty Metal ETF FOFh. The non-convertible part of convertible securities. i. Any other domestic fixed income securities as permitted by SEBI / RBI from time to time. j. Any other instruments/securities, which in the opinion of the fund manager would suit the investment objective of the scheme subject to compliance with extant Regulations. The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency authorized to carry out such activity, such as CRISIL, ICRA, CARE, FITCH, etc. The securities may be acquired through Initial Public Offerings (IPOs), secondary market operations, private placement, rights offer or negotiated deals. The Scheme shall not enter into any repurchase and reverse repurchase obligations in all securities held by it. The Scheme may invest in other schemes managed by the AMC or in the schemes of any other mutual funds, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI (MF) Regulations. As per the SEBI (MF) Regulations, no investment management fees will be charged for such investments and the aggregate inter scheme investment made by all the schemes of Mirae Asset Mutual Fund or in the schemes of other mutual funds shall not exceed 5% of the net asset value of the Mirae Asset Mutual Fund. However, that this clause shall not apply to any fund of funds scheme Overview of Debt Markets in India Indian fixed income market, one of the largest and most developed in South Asia, is well integrated with the global financial markets. Screen based order matching system developed by the Reserve Bank of India (RBI) for trading in government securities, straight through settlement system for the same, settlements guaranteed by the Clearing Corporation of India and innovative instruments like TREPS have contributed in reducing the settlement risk and increasing the confidence level of the market participants. The RBI reviews the monetary policy six times a year giving the guidance to the market on direction of interest rate movement, liquidity and credit expansion. The central bank has been operating as an independent authority, formulating the policies to maintain price stability and adequate liquidity. Bonds are traded in dematerialized form. Credit rating agencies have been playing an important role in the market and are an important source of information to manage the credit risk. Government (Central and State) is the largest issuer of debt in the market. Public sector enterprises, quasi government bodies and private sector companies are other issuers. Insurance companies, provident funds, banks, mutual funds, financial institutions, corporates and FPIs are major investors in the market. Government loans are available up to 40 years maturity. Variety of instruments available for investments including plain vanilla bonds, floating rate bonds, money market instruments, structured obligations and interest rate derivatives make it possible to manage the interest rate risk effectively. Indicative levels of the instruments as on December 29, 2025 are as follows: Page 34 of 63 Mirae Asset Nifty Metal ETF FOFInstrument Maturity Tenure Yield Liquidity TREPS / Repo Short Overnight 5.30 Very High CP / CD / T Bills Short 3 months CP* 6.75 High 3 months CD 6.04 1 Year CP* 7.02 1 Year CD 6.61 Central Government securities Low to High 10 years 6.59 Medium Source: Bloomberg *Data is for NBFC. B. What are the investment restrictions? The following investment limitations and other restrictions, inter-alia, as contained in the Trust Deed and the Regulations apply to the Scheme: • A mutual fund scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of directors of the asset management company. Provided that such limit shall not be applicable for investments in Government Securities, treasury bills and TREPS. Provided further that investment within such limit can be made in mortgaged backed securitised debts which are rated not below investment grade by a credit rating agency registered with the Board. Further, in accordance with Clause 12.8 of SEBI Master Circular dated June 27, 2024, the Scheme shall not invest more than: a) 10% of its NAV in debt and money market securities rated AAA; or b) 8% of its NAV in debt and money market securities rated AA; or c) 6% of its NAV in debt and money market securities rated A and below issued by a single Issuer. The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified above. Considering the nature of the scheme, investments in such instruments will be permitted upto 5% of its NAV. • Debentures, irrespective of any residual maturity period (above or below one year), shall attract the investment restrictions as applicable for debt instruments. • The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than (a) government securities, (b) other money market instruments and (c) derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. Page 35 of 63 Mirae Asset Nifty Metal ETF FOFHowever, the scheme may invest in unlisted Non-Convertible debentures (NCDs) not exceeding 10% of the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up upfront, without any credit enhancements or structured obligations) and are rated and secured with coupon payment frequency on monthly basis. • Inter scheme transfers (ISTs) of investments from one scheme to another scheme in the same SO-30 Mutual Fund shall be allowed only if such transfers are done at the prevailing market price for quoted instruments on spot basis. Explanation -“Spot basis” shall have same meaning as specified by stock exchange for spot transactions. The securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made. Further, ISTs may be allowed in the following scenarios: i. for meeting liquidity requirement in a scheme in case of unanticipated redemption pressure ii. for Duration/ Issuer/ Sector/ Group rebalancing No IST of a security shall be done, if there is negative news or rumors in the mainstream media or an alert is generated about the security, based on internal credit risk assessment. The Scheme shall comply with the guidelines for inter-scheme transfers as specified under clause 12.30 of SEBI Master Circular dated June 27, 2024. • The scheme shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relative securities and in all cases of sale, deliver the securities; Further, the scheme shall not engage in short selling or securities lending and borrowing scheme. The scheme shall also not enter into derivatives transactions. • The Scheme shall get the securities purchased or transferred in the name of the mutual fund on account of the concerned scheme, wherever investments are intended to be of long-term nature. • The Scheme shall not make any investment in: a) Any unlisted security of an associate or group company of the Sponsor; or b) Any security issued by way of private placement by an associate or group company of the sponsor; or c) The listed securities of group companies of the Sponsor which is in excess of 25% of the net assets. • The scheme shall not make any investment in any fund of funds scheme. • The Mutual Fund having an aggregate of securities which are worth Rs.10 crores or more, as on the latest balance sheet date, shall subject to such instructions as may be issued from time to time by SEBI, settle their transactions entered on or after January 15, 1998 only through dematerialized securities. Further, all transactions in government securities shall be in dematerialized form. • The mutual fund shall not borrow except to meet temporary liquidity needs of the mutual funds for the purpose of repurchase, redemption of units or payment of interest or dividend to the unitholders. Provided that the mutual fund shall not borrow more than 20 per cent of the net asset of the scheme and the duration of such a borrowing shall not exceed a period of six months. Page 36 of 63 Mirae Asset Nifty Metal ETF FOF• Pursuant to Clause 12.16 of SEBI Master Circular dated June 27, 2024: - i. Total investment of the Scheme in Short term deposit(s) of all the Scheduled Commercial Banks put together shall not exceed 15% of the net assets. However, this limit can be raised upto 20% of the net assets with prior approval of the trustees. Further, investments in Short Term Deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. ii. “Short Term” for parking of funds by Mutual Funds shall be treated as a period not exceeding 91 days iii. The Scheme shall not invest more than 10% of the net assets in short term deposit(s), of any one scheduled commercial bank including its subsidiaries. iv. The Scheme shall not invest in short term deposit of a bank which has invested in that Scheme. AMC shall also ensure that the bank in which a scheme has Short term deposit do not invest in the said scheme until the scheme has Short term deposit with such bank. v. The above conditions are not applicable to term deposits placed as margins for trading in cash and derivative market. vi. Asset Management Company (AMC) shall not be permitted to charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks. vii. The investments in short term deposits of scheduled commercial banks will be reported to the Trustees along with the reasons for the investment which, inter-alia, would include comparison with the interest rates offered by other scheduled commercial banks. Further, AMC shall ensure that the reasons for such investments are recorded in the manner prescribed in Clause 12.23 of SEBI Master Circular dated June 27, 2024 viii. Pending deployment of funds of a scheme in securities in terms of investment objectives of the scheme a mutual fund can invest the funds of the scheme in short term deposits of scheduled commercial banks. The investment in these deposits shall be in accordance with clause 12.16 of SEBI Master Circular dated June 27, 2024. • No loans for any purpose can be advanced by the Scheme • The Scheme will comply with SEBI regulations and any other regulations applicable to the investments of Funds from time to time. The Trustee may alter the above restrictions from time to time to the extent that changes in the regulations may allow. All investment restrictions shall be applicable at the time of making investment. • In accordance with SEBI Master Circular dated June 27, 2024, the aforesaid limits shall not be applicable to term deposits placed as margins for trading in cash and derivatives market. Apart from the investment restrictions prescribed under SEBI (MF) Regulations, does the fund SO-19 follow any internal norms vis-à-vis limiting exposure to a particular scrip or sector, etc. Page 37 of 63 Mirae Asset Nifty Metal ETF FOFC. Fundamental Attributes SO-59 Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master Circular for Mutual Funds dated June 27, 2024: (i) Type of a scheme An open-ended fund of fund scheme investing in units of Mirae Asset Nifty Metal ETF Open ended – Fund of Fund – Domestic (ii) Investment Objective The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Metal ETF. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be realized. • Main Objective - Growth and Income • Investment pattern Asset allocation: Indicative allocation Types of Instruments (% of total assets) Minimum Maximum Units of Mirae Asset Nifty Metal ETF 95 100 Money market instruments / debt securities, Instruments and/or 0 5 units of debt/liquid schemes of domestic Mutual Funds Rebalancing of deviation due to short term defensive consideration: Subject to SEBI (MF) Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages can vary substantially depending upon the perception of the Investment Manager; the intention being at all times to seek to protect the interests of the Unit holders. As per clause 1.14.1.2 of SEBI Master Circular dated June 27, 2024 such changes in the investment pattern will be for short term and for defensive consideration only. In the event of deviations, portfolio rebalancing will be carried out within 30 calendar days in such cases. (iii) Terms of Issue • Listing: Page 38 of 63 Mirae Asset Nifty Metal ETF FOFThe Scheme being open ended, the Units are not proposed to be listed on any stock exchange and no transfer facility on the exchange is provided. However, the Trustee reserves the right to list the units as and when open-end Schemes are permitted to be listed under the Regulations, and if the Trustee considers it necessary in the interest of unit holders of the Scheme. Redemption: The Unit Holder has the option to request for Redemption either in amount in rupees or in number of Units. In case the request for Redemption specifies both, i.e. amount in rupees as well the number of Units to be redeemed, then the latter will be considered as the redemption request and redemption will be processed accordingly. The minimum redemption amount shall be ‘any amount’ or ‘any number of units’ as requested by the investor at the time of redemption request. The Trustees have authorized the AMC to suo moto redeem such fractional balance units (less than 1 unit), on periodic basis across all schemes, as and when decided by the AMC. Units can be redeemed (sold back to the Fund) at the Redemption Price during the Ongoing Offer Period. If an investor has purchased Units of a Scheme on more than one Business Day the Units will be redeemed on a first-in-first-out basis. If multiple Purchases are made on the same day, the Purchase appearing earliest in the account statement will be redeemed first. Redemption Price: The Redemption Price of the Units is the price at which a Unit Holder can redeem Units of a scheme. It will be calculated as described below: Redemption Price = Applicable NAV - (Applicable NAV x Exit Load*) * Exit Load, whatever is applicable, will be charged. Redemption Price will be calculated for up to three decimal places for the Scheme. For example, if the Applicable NAV of a Scheme is Rs.10.5550, and it has a 2% Exit Load, the Redemption Price will be calculated as follows: Redemption Price = 10.5550 - (10.5550 X 2.00%) i.e. 10.4550 - 0.2110 = 10.3440 If the Scheme has no Exit Load, the Redemption Price will be equal to the Applicable NAV. The Securities Transaction Tax levied under the Income Tax Act, 1961, at the applicable rate on the amount of redemption will be reduced from the amount of redemption. To illustrate: If a Redemption of 4,900 units is sought by the Unit Holder at a Redemption Price of Rs. 10.3440 (as calculated above), the redemption amount is Rs. 50,685.60. Securities Transaction Tax (STT) for instance is 0.001%. This will be further reduced by the STT of Re. 0.50 (i.e. Rs. 50,685.60 x 0.001%), making the net redemption amount Rs. 50,685.10. If a Redemption of Rs. 10,000 is sought by the Unit Holder at a Net Redemption Price of Rs. 10.3440 (as calculated above), which will give 966.744 Units; the effective redemption amount will be grossed Page 39 of 63 Mirae Asset Nifty Metal ETF FOFup to Rs. 10,204.08 (i.e. 10,000 ÷ (1-2%)) and 966.744 units (10,204.08 ÷ 10.555) will be redeemed. This is to ensure that the Unit Holder receives the net amount of Rs. 10,000 as desired. Investors may note that the Trustee has a right to modify the existing Load structure in any manner subject to a maximum as prescribed under the Regulations and with prospective effect only. Please refer section – LOAD STRUCTURE. Applicable NAV for Redemption / Switch-Out / Systematic Transfer Plan: In respect of valid Redemption applications accepted at a Designated Collection Centre up to 3 p.m. on a Business Day, the NAV of such day will be applicable. In respect of valid Redemption applications accepted at a Designated Collection Centre after 3 p.m. on a Business Day, the NAV of the next Business Day will be applicable. • Aggregate fees and expenses charged to the scheme For detailed fees and expenses charged to the scheme please refer to section- I Part - III ‘C – Annual Scheme Recurring Expenses’. • Any safety net or guarantee provided There is no assurance OR guarantee of returns. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master Circular for Mutual Funds dated June 27, 2024 the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless: • SEBI has reviewed and provided its comments on the proposal • A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and • The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load. D. Index methodology About the Benchmark The Nifty Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE). Eligibility Criteria for Selection of Constituent Stocks: Page 40 of 63 Mirae Asset Nifty Metal ETF FOF1. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500. 2. Companies should form a part of the Metals sector. 3. The company's trading frequency should be at least 90% in the last six months. 4. The Company should have a minimum listing history of 1 month as on the cutoff date. 5. Final selection of companies shall be done based on the free-float market capitalization. 6. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing. Index Re-Balancing: Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change. Index Service provider: A professional team at IISL manages NIFTY Metal Index. There is a three-tier governance structure comprising the Board of Directors of IISL, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee. NSE Indices Limited (formerly known as India Index Services & Products Limited - IISL), a subsidiary of National Stock Exchange of India Limited was setup in May 1998 to provide a variety of indices and index related services and products for the Indian capital markets. NSE Indices Limited (formerly known as India Index Services & Products Limited), or NSE Indices, owns and manages a portfolio of over 400 indices under the Nifty brand as of August 31, 2025, including Nifty 50. Nifty indices are used as benchmarks for products traded on NSE. Nifty indices served as the benchmark index for 197 ETFs and 250 Index Funds in India. In International markets, there are 20 ETFs and 14 Index Funds tracking Nifty indices as of August 31, 2025. Derivatives benchmarked to Nifty indices are also available for trading on NSE and NSE International Exchange IFSC Limited (NSE IX) as of August 31, 2025. NSE Indices Ltd. pools the index development efforts of NSE into a coordinated whole - India's first specialised company focused upon the index as a core product. NSE Indices Ltd. has the following objectives: • To develop, construct and maintain indices on various asset classes in order to serve as useful market performance benchmarks and are the underlying indices for derivatives trading. • To provide index related data and relevant information to the market participants. The weightage of the constituents of Nifty Metal ETF along with impact cost as on December 30, 2025 is as under: SECURITY NAME WEIGHTAGE Impact Cost (%) Tata Steel Ltd. 18.65% 0.02 Hindalco Industries Ltd. 16.08% 0.02 JSW Steel Ltd. 13.71% 0.03 Vedanta Ltd. 12.85% 0.02 Page 41 of 63 Mirae Asset Nifty Metal ETF FOFAdani Enterprises Ltd. 7.31% 0.02 Jindal Steel Ltd. 4.94% 0.03 APL Apollo Tubes Ltd. 4.36% 0.04 NMDC Ltd. 3.60% 0.04 National Aluminium Co. Ltd. 3.53% 0.03 Jindal Stainless Ltd. 3.36% 0.05 Hindustan Zinc Ltd. 3.33% 0.03 Steel Authority of India Ltd. 2.66% 0.02 Lloyds Metals and Energy Ltd. 2.15% 0.06 Hindustan Copper Ltd. 2.13% 0.05 Welspun Corp Ltd. 1.33% 0.05 For additional details, please refer to index methodology on www.nseindia.com or www.niftyindices.com E. Other Scheme Specific Disclosures: Listing and Transfer of units The Scheme being open ended, the Units are not proposed to be listed on any stock exchange and no transfer facility on the exchange is provided. However, the Trustee reserves the right to list the units as and when open-end Schemes are permitted to be listed under the Regulations, and if the Trustee considers it necessary in the interest of unit holders of the Scheme. Units held in Demat form are transferable (subject to lock-in period, if any and subject to lien, if any marked on the units) in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 2018, as may be amended from time to time. Transfer can be made only in favor of transferees who are capable of holding Units and having a Demat Account. The delivery instructions for transfer of Units will have to be lodged with the DP in requisite form as may be required from time to time and transfer will be effected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode. Further, for the procedure of release of lien, the investors shall contact their respective Depository. However, if a person becomes a holder of the Units consequent to operation of law or upon enforcement of a pledge, the Mutual Fund will, subject to production of satisfactory evidence, effect the transfer, if the transferee is otherwise eligible to hold the Units. Similarly, in cases of transfers taking place consequent to death, insolvency etc., the transferee’s name will be recorded by the Mutual Fund subject to production of satisfactory evidence. Page 42 of 63 Mirae Asset Nifty Metal ETF FOFPlease refer SAI for details on transmission, nomination, lien, pledge, duration of the Scheme and Mode of Holding. Transfer of units held in Non-Demat [Statement of Account (‘SOA’)] mode: Pursuant to the provisions of AMFI Best Practices Guidelines Circular No.116 /2024-25 dated August 14, 2024, units held by individual unitholders in Non-Demat (‘SoA’) mode can be transferred under the following categories: a. surviving joint holder, who wants to add new joint holder(s) in the folio upon demise of one or more joint unitholder(s). b. Nominee of a deceased unitholder, who wants to transfer the units to the legal heirs of the deceased unitholder, post the transmission of units in the name of the nominee; c. a minor unitholder who has turned a major and has changed his/her status from minor to major, wants to add the name of the parent / guardian, sibling, spouse etc. in the folio as joint holder(s). d. Transfer to siblings e. Gifting of units f. Transfer of units to third party g. Addition/deletion of unit holder Partial transfer of units held in a folio shall be allowed. However, if the balance units in the transferor’s folio falls below specified threshold / minimum number of units as specified in the SID, such residual units shall be compulsorily redeemed, and the redemption amount will be paid to the transferor. If the request for transfer of units is lodged on the record date, the IDCW payout/ reinvestment shall be made to the transferor. Redemption of the transferred units shall not be allowed for 10 days from the date of transfer. This will enable the investor to revert in case the transfer is initiated fraudulently. The facility for transfer of Units held in Non-Demat (SOA) mode shall be made available only through online mode via the transaction portals of the RTAs and the MF Central i.e., the transfer of units held in SoA mode shall not be allowed through physical/ paper-based mode or via the stock exchange platforms, MFU, channel partners and EOPs etc. Page 43 of 63 Mirae Asset Nifty Metal ETF FOFFor further details on Pre-requisites and Payment of Stamp duty on Transfer of Units, please refer SAI. Dematerialization of units The Unit holders are given an Option to hold the units by way of an Account Statement (Physical form) or in SO-57(a) Dematerialized (‘Demat’) form. Mode of holding shall be clearly specified in the KIM cum application form. The Unit holder intending to hold the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL). Unit holders opting to hold the units in demat form must provide their Demat Account details like the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP, in the specified section of the application form. In case Unit holders do not provide their Demat Account SO-57(c ) details, unit will be allotted to them in physical form and an Account Statement shall be sent to them. Investors holding units in dematerialized form as well as investors holding units in physical form, both shall be able to trade on the BSE StAR MF Platform, NSE NMF II and ICEX Minimum Target amount The Scheme seeks to collect a minimum subscription amount of Rs. 10 Crores under the Scheme during the NFO Period. (This is the minimum amount required to operate the scheme if this is not collected during NFO period, then the investors would be refunded the amount invested without any return) Maximum Amount to be raised (if There is no upper limit on the total amount to be collected any) under the Scheme during the NFO Period. Dividend Policy (IDCW) The IDCW warrants shall be dispatched to the unit holders within 7 working days from the record date. In case of Unit Holder having a bank account with certain banks with which the Mutual Fund would have made arrangements from time to time, the IDCW proceeds shall be directly credited to their account. The IDCW will be paid by warrant and payments will be made in favor of the Unit holder (registered holder of the Units or, if there is more than one registered holder, only to the first registered holder) with bank account number furnished to the Mutual Fund (please note that it is mandatory Page 44 of 63 Mirae Asset Nifty Metal ETF FOFfor the Unit holders to provide the Bank account details as per the directives of SEBI). Further, the IDCW proceeds may be paid by way of ECS/EFT/NEFT/RTGS/any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records is credited with the IDCW proceeds as per the instructions of the Unit holders. In case the delay is beyond seven working days, then the AMC shall pay interest @ 15% p.a. from the expiry of seven working days till the date of dispatch of the warrant. Allotment Subject to the receipt of the specified minimum subscription amount, full allotment of Units applied for will be made within 5 business days from the date of closure of the NFO Period for all valid applications received during the NFO Period. An account statement will be sent by ordinary post/courier/secured encrypted electronic mail to each Unit Holder, stating the number of Units purchased, not later than 5 business days from the close of the NFO Period. In case of specific request received from investors, Mutual SO-60 Fund shall provide the account statement to the investors within 5 working days from the receipt of such request without any charges. Allotment of Units and dispatch of Account Statements to FPIs will be subject to RBI approval, if required. For investors who have given Demat account details in the application form, the Units issued by the AMC shall be credited by the Registrar to the investors’ beneficiary account with the DP as per information provided in the application form and information of allotment will be accordingly sent by the Registrar. Full allotment will be made to all valid applications received during the New Fund Offer Period. Allotment of Units shall be completed not later than five business days after the close of the New Fund Offer Period. The Units will be computed and accounted for up to whole numbers (complete integers) only and no fractional units will be allotted for all Subscriptions/Application Money. If any fractional units are calculated as a result of the switch application, the units in the resultant scheme would be allotted to the extent of the entire such application money Page 45 of 63 Mirae Asset Nifty Metal ETF FOFfrom the source scheme and will be computed and accounted for up to 3 decimal places and that no refund shall be paid/refunded to the investor for said such fractional Units. Accordingly, the clause for multiples of Re.1 will not be applicable for switch transactions both during the New Fund Offer Period and on On-Going basis. Dematerialization The Units of the Scheme will be available in dematerialized (electronic) form. The investor intending to invest in Units of the Scheme will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP’s Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units. The Units of the Scheme will be issued, traded and settled compulsorily in dematerialized (electronic) form. The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form. However, the Trustee / AMC reserves the right to change the dematerialization/rematerialization process in accordance with the procedural requirements laid down by the Depositories, viz. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act, 1996 and the Regulations thereunder. Refund If the Schemes fail to collect the minimum subscription amount of Rs. 10 Crores, the Mutual Fund shall be liable to refund the money to the applicants within 5 business days from the closure of the NFO. If application is rejected, full amount will be refunded within 5 business days from the closure of NFO. If refunded later than 5 business days, interest @15% p.a. for delayed period will be paid and charged to the AMC. Who can invest • Indian resident adult individuals, either singly or jointly This is an indicative list and investors (not exceeding three); shall consult their financial advisor to • Minor through parent / lawful guardian; (please see the ascertain whether the scheme is note below) suitable to their risk profile. • Companies, bodies corporate, public sector undertakings, association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860; Page 46 of 63 Mirae Asset Nifty Metal ETF FOF• Partnership Firms constituted under the Partnership Act, 1932; • Limited Liability Partnerships (LLP); • A Hindu Undivided Family (HUF) through its Karta; • Banking Company as defined under the Banking Regulation Act, 1949; • Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions; • Public Financial Institution as defined under the Companies Act, 1956; • Insurance Company registered with the Insurance Regulatory and Development Authority (IRDA); • Non-Resident Indians (NRIs) / Persons of Indian Origin (PIO) on full repatriation basis or on non-repatriation basis; • Foreign Portfolio Investors (FPI) (including overseas ETFs, Fund of Funds) registered with SEBI on repatriation basis; • Mutual Funds/ Alternative Investment Funds registered with SEBI • Army, Air Force, Navy and other para-military funds and eligible institutions; • Scientific and Industrial Research Organizations; • Provident / Pension / Gratuity and such other Funds as and when permitted to invest; • International Multilateral Agencies approved by the Government of India / RBI; and • The Trustee, AMC or Sponsor or their associates (if eligible and permitted under prevailing laws). • A Mutual Fund through its schemes if permitted by the regulatory authorities. • Special Purpose Vehicles (SPVs) approved by appropriate authority (subject to RBI approval). • Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private Trusts authorized to invest in mutual fund schemes under their trust deeds; • Qualified Foreign Investors subject to the conditions prescribed by SEBI, RBI, Income Tax authorities and the AMC, from time to time on repatriation basis. • Such other individuals/institutions/body corporate etc., as may be decided by the AMC from time to time, so long as wherever applicable they are in conformity with SEBI Regulations/RBI, etc. Note: 1. Page 47 of 63 Mirae Asset Nifty Metal ETF FOFMinor Unit Holder on becoming major may inform the Registrar about attaining majority and provide his specimen signature duly authenticated by his banker as well as his details of bank account and a certified true copy of the PAN card as mentioned under the paragraph “Anti Money Laundering and Know Your Customer” to enable the Registrar to update their records and allow him to operate the Account in his own right. Note 2. Applicants under Power of Attorney: An applicant willing to transact through a power of attorney must lodge the photocopy of the Power of Attorney (PoA) attested by a Notary Public or the original PoA (which will be returned after verification) within 30 Days of submitting the Application Form / Transaction Slip at a Designated Collection Centre. Applications are liable to be rejected if the power of attorney is not submitted within the aforesaid period. Who cannot invest It should be noted that the following entities cannot invest in the scheme: • Any individual who is a foreign national or any other entity that is not an Indian resident under the Foreign Exchange Management Act, 1999, except where registered with SEBI as a FPI. However, there is no restriction on a foreign national from acquiring Indian securities provided such foreign national meets the residency tests as laid down by Foreign Exchange Management Act, 1999. • Overseas Corporate Bodies (OCBs) shall not be allowed to invest in the Scheme. These would be firms and societies which are held directly or indirectly but ultimately to the extent of at least 60% by NRIs and trusts in which at least 60% of the beneficial interest is similarly held irrevocably by such persons (OCBs.) • Non-Resident Indians residing in the Financial Action Task Force (FATF) Non-Compliant Countries and Territories (NCCTs) • “U.S. Person” under the U.S. Securities Act of 1933 and corporations or other entities organized under the laws of U.S. • Residents of Canada or any Canadian jurisdiction under the applicable securities laws. • The Fund reserves the right to include / exclude new / existing categories of investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any. Subject to the Regulations, any application for subscription of Units may be accepted or rejected if found incomplete or due Page 48 of 63 Mirae Asset Nifty Metal ETF FOFto unavailability of underlying securities, etc. For example, the Trustee may reject any application for the Purchase of Units if the application is invalid or incomplete or if, in its opinion, increasing the size of any or all of the Scheme's Unit capital is not in the general interest of the Unit Holders, or if the Trustee for any other reason does not believe that it would be in the best interest of the Scheme or its Unit Holders to accept such an application. The AMC / Trustee may need to obtain from the investor verification of identity or such other details relating to a subscription for Units as may be required under any applicable law, which may result in delay in processing the application. How to apply and other details Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor SO-35 Service Centres (ISCs) of the AMC or RTA or Distributors or can be downloaded from our website www.miraeassetmf.co.in. The list of the OPA / ISC are available on our website as well. Investors intending to trade in Units of the Schemes, through SO-57 (b) the exchange platform will be required to provide demat account details in the application form. Registrar & Transfer Agent: KFin Technologies Limited Registered Office: Karvy Selenium, Tower B, Plot Number 31 & 32, Financial District, Gachibowli, Hyderabad - 500 034. Contact Persons: Mr. Babu PV Tel No. : 040 3321 5237 Email Id : babu.pv@kfintech.com Mr. 'P M Parameswaran' Tel No. : 040 3321 5396 Email Id : parameswaran.p@kfintech.com Website address: https://mfs.kfintech.com/mfs/ Branches: Applications can be submitted at collecting bankers and Investor Service Centers of Mirae Asset Investment Managers (India) Pvt. Ltd and KFin Technologies Limited. Details of which are furnished on back cover page of this document. Page 49 of 63 Mirae Asset Nifty Metal ETF FOFPlease refer the AMC website at the following link for the list of official points of acceptance, collecting banker details etc.: https://www.miraeassetmf.co.in/downloads/statutory- disclosure/other-disclosure/offer-documents-data Website of the AMC: Investor can also subscribe to the Units of the Scheme through the website of the AMC i.e. https://www.miraeassetmf.co.in/investor-center/investor- services Stock Exchanges: A Unit holder may purchase Units of the Scheme through the Stock Exchange infrastructure. Investors can hold units only in dematerialized form. MF Utility (MFU): A unitholder may purchase units of the Plan(s) under the Scheme through MFU. All financial and non-financial transactions pertaining to Schemes of Mirae Asset Mutual Fund can also be submitted through MFU either electronically or physically through the authorized Points of Service (“POS”) of MFUI. The list of POS of MFUI is published on the website of MFUI at www.mfuindia.com and may be updated from time to time. Investors to note that it is mandatory to mention the bank account numbers in the applications/requests for redemption. Please refer to the SAI and application form for the instructions The policy regarding reissue of All units can be reissued without any limit by the Scheme. repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. Restrictions, if any, on the right to RIGHT TO RESTRICT REDEMPTION AND / OR freely retain or dispose of units being SUSPEND REDEMPTION OF THE UNITS: offered. The Fund at its sole discretion reserves the right to restrict Redemption (including switchout) of the Units (including Plan /Option) of the Scheme of the Fund upon occurrence of the below mentioned events for a period not exceeding ten (10) working days in any ninety (90) days period subject to approval of the Board of Directors of the AMC and the Page 50 of 63 Mirae Asset Nifty Metal ETF FOFTrustee. The restriction on Redemption (including switch-out) shall be applicable where the Redemption (including switch- out) request is for a value above Rs. 2,00,000/- (Rupees Two Lakhs). Further, no restriction shall be applicable to the Redemption / switch-out request upto Rs. 2,00,000/- (Rupees Two Lakhs). It is further clarified that, in case of redemption request beyond Rs. 2,00,000/- (Rupees Two Lakhs), no restriction shall be applicable on first Rs. 2,00,000/- (Rupees Two Lakhs). The Trustee / AMC reserves the right to restrict Redemption or suspend Redemption of the Units in the Scheme of the Fund on account of circumstances leading to a systemic crisis or event(s) that severely constrict market liquidity or the efficient functioning of the markets. A list of such circumstances under which the restriction on Redemption or suspension of Redemption of the Units in the Scheme of the Fund may be imposed are as follows: 1. Liquidity issues- when market at large becomes illiquid affecting almost all securities rather than any issuer specific security; or 2. Market failures / Exchange closures; or 3. Operational issues; or 4. If so directed by SEBI. It is clarified that since the occurrence of the abovementioned eventualities have the ability to impact the overall market and liquidity situation, the same may result in exceptionally large number of Redemption requests being made and in such a situation the indicative timelines (i.e. within 3-4 Business Days) mentioned by the Fund in the scheme offering documents, for processing of requests for Redemption may not be applicable. Right to Limit Subscription: In the interest of the investors and in order to protect the portfolio from market volatility, the Trustees reserve the right to limit or discontinue subscriptions under the Scheme for a specified period of time or till further notice. Cut off timing for subscriptions/ Cut-off time is the time before which the Investor’s redemptions/ switches Application Form(s) (complete in all respects) should reach the Official Points of Acceptance to be entitled to the This is the time before which your Applicable NAV of that Business Day. application (complete in all respects) should reach the official points of An application will be considered accepted on a Business Day, acceptance. subject to it being complete in all respects and received and Page 51 of 63 Mirae Asset Nifty Metal ETF FOFtime stamped upto the relevant Cut-off time mentioned below, at any of the Official Points of Acceptance of transactions. Where an application is received and the time stamping is done after the relevant Cut-off time the request will be deemed to have been received on the next Business Day. Cut off timing for subscriptions/purchases/switch- ins: i. In respect of valid applications received upto 3.00 p.m. at the Official Point(s) of Acceptance and where the funds for the entire amount of subscription / purchase/switch-ins as per the application are credited to the bank account of the Scheme before the cut-off time i.e. available for utilization before the cut-off time- the closing NAV of the day shall be applicable. ii. In respect of valid applications received after 3.00 p.m. at the Official Point(s) of Acceptance and where the funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable. iii. Irrespective of the time of receipt of applications at the Official Point(s) of Acceptance, where the funds for the entire amount of subscription/purchase/ switch-ins as per the application are credited to the bank account of the Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut- off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. For Redemption/ Repurchases/Switch out: i. In respect of valid application accepted at an Official Points of Acceptance up to 3 p.m. on a Business Day by the Fund, the closing NAV of that day will be applicable. ii. In respect of valid application accepted at an Official Point of Acceptance as listed in the SAI, after 3 p.m. on a Business Day by the Fund, the closing NAV of the next Business Day will be applicable. Minimum amount for Purchase: Rs. 5000/- and in multiples of Re. 1/- thereafter purchase/redemption/switches Additional Purchase: Rs.1000/- and in multiples of Re.1/- thereafter. Investments through SIP: Rs. 99/- and in multiples of Re.1/- thereafter. Page 52 of 63 Mirae Asset Nifty Metal ETF FOFRedemption: The minimum redemption amount shall be ‘any amount’ or ‘any number of units’ as requested by the investor at the time of redemption request. The Minimum Application and redemption amount mentioned above shall not be applicable to the mandatory investments made in the Scheme pursuant to the provisions of clause 6.10 of SEBI Master Circular dated June 27, 2024, as amended from time to time. Accounts Statements The AMC shall send an allotment confirmation specifying the units allotted by way of email and/or SMS within 5 working days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form). A Consolidated Account Statement (CAS) detailing all the transactions across all mutual funds and holding at the end of the month shall be sent to the Unit holders in whose folio(s) transaction(s) have taken place during the month by email on or before 12th of the succeeding month who have opted for e- CAS and on or before 15th day of the succeeding month to investors who have opted for delivery via physical mode. Half-yearly CAS shall be issued at the end of every six months (i.e. September/ March) on or before 18th day of succeeding month who have opted for e-CAS and on or before 21st day of the succeeding month to investors who have opted for delivery via physical mode, to all investors providing the prescribed details across all schemes of mutual funds and securities held in dematerialized form across demat accounts, if applicable For further details, refer SAI. Dividend/ IDCW The payment of dividend/IDCW to the unitholders shall be made within seven working days from the record date or as per timelines prescribed by SEBI/AMFI from time to time. Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within 4 working days from the date of redemption or repurchase. For list of exceptional circumstances refer para 14.1.3 of SEBI Master Circular for Mutual Funds dated June 27, 2024. Bank Mandate It is mandatory for every applicant to provide the name of the bank, branch, address, account type and number as per SEBI SO-61 requirements and any Application Form without these details will be treated as incomplete. Such incomplete applications will be rejected. The Registrar / AMC may ask the investor to Page 53 of 63 Mirae Asset Nifty Metal ETF FOFprovide a blank cancelled cheque or its photocopy for the purpose of verifying the bank account number. Delay in payment of redemption / The Asset Management Company shall be liable to pay repurchase proceeds/dividend interest to the unitholders at rate as specified vide clause 14.2 of SEBI Master Circular for Mutual Funds dated June 27, 2024 by SEBI for the period of such delay. Unclaimed Redemption and Income As per the Clause 14.3 of SEBI Master Circular dated June Distribution cum Capital Withdrawal 27, 2024, the unclaimed Redemption and dividend amounts Amount shall be deployed by the Fund in call money market or money market instruments or in a separate plan of Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds SO-52 specifically for deployment of the unclaimed amounts. The investment management fee charged by the AMC for managing such unclaimed amounts shall not exceed 50 basis points. The AMCs shall not be permitted to charge any exit load in this plan. Provided that such schemes where the unclaimed redemption and IDCW amounts are deployed shall be only those Overnight scheme/ Liquid scheme / Money Market Mutual Fund schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix. The investors who claim these amounts during a period of three years from the due date shall be paid at the prevailing NAV. After a period of three years, this amount can be transferred to a pool account and the investors can claim the said amounts at the NAV prevailing at the end of the third year. In terms of the circular, the onus is on the AMC to make a continuous effort to remind investors through letters to take their unclaimed amounts. As per SEBI Letter dated January 22, 2025, unclaimed redemption and dividend amounts are to be transferred by the Asset Management Company (AMC) to the Unclaimed Dividend and Redemption Scheme (UDRS) after a period of 90 days and no later than 105 days from the date of issuance of the instruments. The AMC shall maintain separate schemes or plans for unclaimed IDCW and redemption amounts pending for less than three years and for more than three years. Upon completion of the initial three-year period, such units shall be transferred to UDRS within 10 business days of the subsequent month. Furthermore, income accrued on these unclaimed amounts beyond three years will be transferred on a monthly basis (on or before the 10th calendar day of the Page 54 of 63 Mirae Asset Nifty Metal ETF FOFfollowing month) to the Investor Education and Protection Fund as specified by SEBI. The website of Mirae Asset Mutual Fund also provides information on the process of claiming the unclaimed amount and the necessary forms / documents required for the same. The details of such unclaimed amounts are also disclosed in the annual report sent to the Unit Holders. Important Note: All applicants must provide a bank name, bank account number, branch address, and account type in the Application Form. Disclosure w.r.t investment by minors • Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent SO-37 or legal guardian. • Irrespective of the source of payment for subscription, all redemption proceeds shall be credited only in the verified account of the minor i.e. the account the minor may hold with the parent/ legal guardian after completing all KYC formalities. • The AMC will send an intimation to Unit holders advising the minor (on attaining majority) to submit an application form along with prescribed documents to change the status of the account from ‘minor’ to ‘major’. • All transactions / standing instructions / systematic transactions etc. will be suspended i.e. the Folio will be frozen for operation by the guardian from the date of beneficiary child completing 18 years of age, till the status of the minor is changed to major. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new bank account. • No investments (lumpsum/SIP/ switch in/ STP in etc.) in the scheme would be allowed once the minor attains majority i.e. 18 years of age. Please refer SAI for details on Transmission of Units. Investments in Scheme by AMC, Subject to the Regulations, the AMC and investment Sponsor & Associates companies managed by the Sponsor(s), their associate companies and subsidiaries may invest either directly or indirectly, in the Scheme during the NFO and/or on ongoing basis. However, the AMC shall not charge any investment management fee on such investment in the Scheme, in accordance with sub-regulation 3 of Regulation 24 of the Page 55 of 63 Mirae Asset Nifty Metal ETF FOFRegulations and shall charge fees on such amounts in future only if the SEBI Regulations so permit. The associates, the Sponsor, subsidiaries of the Sponsor and/or the AMC may acquire a substantial portion of the Scheme’s units and collectively constitute a major investment in the Schemes. The AMC reserves the right to invest its own funds in the Scheme as may be decided by the AMC from time to time and required by applicable regulations and also in accordance with Clause 6.11 of SEBI Master Circular dated June 27, 2024 regarding minimum number of investors in the Scheme. In terms of SEBI notification dated August 5, 2021 and as per Regulation 25, sub-regulation 16A of SEBI (Mutual Funds) Regulations, the asset management company shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time III. Other Details A. Details of Underlying Fund Mirae Asset Nifty Metal ETF SO-26 Details of Benchmark of underlying Fund: Nifty Metal TRI (Total Return Index) About the Benchmark The Nifty Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE). Eligibility Criteria for Selection of Constituent Stocks: 1. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500. 2. Companies should form a part of the Metals sector. 3. The company's trading frequency should be at least 90% in the last six months. 4. The Company should have a minimum listing history of 1 month as on the cutoff date. 5. Final selection of companies shall be done based on the free-float market capitalization. 6. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing. Page 56 of 63 Mirae Asset Nifty Metal ETF FOFIndex Re-Balancing: Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut- off date is considered. Four weeks prior notice is given to market from the date of change. Index Service provider: A professional team at IISL manages NIFTY Metal Index. There is a three- tier governance structure comprising the Board of Directors of IISL, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee. NSE Indices Limited (formerly known as India Index Services & Products Limited - IISL), a subsidiary of National Stock Exchange of India Limited was setup in May 1998 to provide a variety of indices and index related services and products for the Indian capital markets. NSE Indices Limited (formerly known as India Index Services & Products Limited), or NSE Indices, owns and manages a portfolio of over 400 indices under the Nifty brand as of August 31, 2025, including Nifty 50. Nifty indices are used as benchmarks for products traded on NSE. Nifty indices served as the benchmark index for 197 ETFs and 250 Index Funds in India. In International markets, there are 20 ETFs and 14 Index Funds tracking Nifty indices as of August 31, 2025. Derivatives benchmarked to Nifty indices are also available for trading on NSE and NSE International Exchange IFSC Limited (NSE IX) as of August 31, 2025. NSE Indices Ltd. pools the index development efforts of NSE into a coordinated whole - India's first specialised company focused upon the index as a core product. NSE Indices Ltd. has the following objectives: • To develop, construct and maintain indices on various asset classes in order to serve as useful market performance benchmarks and are the underlying indices for derivatives trading. • To provide index related data and relevant information to the market participants. 1. TER of underlying fund as on September 30, 2025: - 0.29% 2. Asset Under Management of the underlying fund as on September 30, 2025: - Rs. 67.1246 Cr 3. Year wise performance as on September 30, 2025: - The performance for Mirae Asset Nifty Metal ETF: - Particulars Compounded Annualised Scheme returns (%) Benchmark Returns (%) Growth Returns (CAGR) Since Inception* (Absolute) -0.21 0.11 Last 1 year NA NA Last 3 years NA NA Last 5 years NA NA NAV as on 30/09/2025 (INR) 10.0852 15,165.35 4. Top 10 Holding of the underlying fund as on September 30, 2025:- Name of the Instrument % to Net Assets Tata Steel Ltd. 19.39% Hindalco Industries Ltd. 15.33% JSW Steel Ltd. 14.87% Page 57 of 63 Mirae Asset Nifty Metal ETF FOFVedanta Ltd. 10.98% Adani Enterprises Ltd. 9.07% Jindal Steel Ltd. 5.52% APL Apollo Tubes Ltd. 4.25% NMDC Ltd. 3.67% Jindal Stainless Ltd. 3.29% Hindustan Zinc Ltd. 2.91% B. Periodic Disclosures Half yearly Disclosures: Financial Results The AMC/Mutual Fund shall within one month from the close of each half year, that is on March 31st and on September 30th, host a soft copy of its unaudited financial results on their website https://www.miraeassetmf.co.in/downloads/statutory-disclosure/financials. The half-yearly unaudited financial results shall contain details as specified in Twelfth Schedule of the SEBI (Mutual Funds) Regulations, 1996 and such other details as are necessary for the purpose of providing a true and fair view of the operations of Mirae Asset Mutual Fund. The AMC/Mutual Fund shall publish an advertisement disclosing the hosting of unaudited financial results on their website www.miraeassetmf.co.in in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated. The mutual fund shall publish an advertisement in the all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the half-yearly statement of the Scheme portfolio on its website and on the website of Association of Mutual Funds in India (AMFI). The AMC will provide a physical copy of the statement of its Scheme portfolio, without charging any cost, on specific request received from a unitholder. Annual Report Pursuant to Regulation 56 of SEBI (Mutual Funds) Regulations, 1996 read with Clause 5.4 of SEBI Master Circular dated June 27, 2024, the scheme wise annual report or abridged summary thereof will be hosted on the website of the Mirae Asset Mutual Fund viz. https://www.miraeassetmf.co.in/downloads/statutory-disclosure/financials and on the website of AMFI, not later than four months after the close of each financial year (31st March). The AMCs shall display the link prominently on the website of the Mirae Asset Mutual Fund viz. https://miraeassetmf.co.in and make the physical copies available to the unitholders, at their registered offices at all times. Unit holders whose e-mail addresses are not registered will have to specifically ‘opt in’ to receive physical copy of scheme wise annual report or abridged summary thereof. The unit holders may request for a physical copy of scheme annual reports at a price and the text of the relevant scheme by writing to the Mirae Asset Investment Managers (India) Pvt Ltd. / Investor Service Centre / Registrar & Transfer Agents. The Mutual Fund / AMC shall provide a physical copy of abridged report of the annual report, without charging any cost, on specific request received from a unit holder. An advertisement shall be published every year disclosing the hosting of the scheme wise annual report on website of Mirae Asset Mutual Fund and on the website of AMFI and the modes such as SMS, Page 58 of 63 Mirae Asset Nifty Metal ETF FOFtelephone, email or written request (letter) through which a unitholder can submit a request for a physical or electronic copy of the scheme wise annual report or abridged summary thereof. Such advertisement shall be published in the all India edition of at least two daily newspapers, one each in English and Hindi. Monthly/Half Yearly Portfolio Disclosures: The Mutual Fund/ AMC will disclose portfolio (along with ISIN) of the Scheme in the prescribed format, as on the last day of the month / half-year i.e. March 31 and September 30, on its website viz. https://www.miraeassetmf.co.in/downloads/portfolio and on the website of Association of Mutual Funds in India (AMFI) viz. www.amfiindia.com within 10 days from the close of each month/ half year respectively. In case of unitholders whose e-mail addresses are registered, the Mutual Fund/ AMC will send via email both the monthly and half yearly statement of scheme portfolio within 10 days from the close of each month/ half year respectively. Mutual Fund / AMC will publish an advertisement every half year in the all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the half-yearly statement of the Scheme portfolio on its website and on the website of Association of Mutual Funds in India (AMFI). Mutual Fund / AMC will provide a physical copy of the statement of its Scheme portfolio, without charging any cost, on specific request received from a unitholder. Monthly Average Asset under Management (Monthly AAUM) Disclosure The Mutual Fund shall disclose the Monthly AAUM under different categories Schemes as specified by SEBI in the prescribed format on a monthly basis on its website viz. https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure and forward to AMFI within 7 working days from the end of the month. Scheme Summary Document SO-38 The AMC has provided on its website a standalone scheme document for all the Schemes which contains all the details of the Scheme viz. Scheme features, Fund Manager details, investment details, investment objective, expense ratios, portfolio details, etc. Scheme summary document is uploaded on the websites of AMC viz. https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other- disclosure, AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a machine readable format (either JSON or XML). The document shall be updated by the AMCs on a monthly basis or on changes in any of the specified fields, whichever is earlier. SO-38 Product Labeling and Risk-o-meter: The Risk-o-meter shall have following six levels of risk: 1. Low Risk 2. Low to Moderate Risk 3. Moderate Risk 4. Moderately High Risk 5. High Risk and 6. Very High Risk Page 59 of 63 Mirae Asset Nifty Metal ETF FOFThe evaluation of risk levels of a scheme shall be done in accordance with clause 17.4 of SEBI Master Circular dated June 27, 2024. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders. The risk-o-meter shall be evaluated on a monthly basis and the risk- o-meter along with portfolio disclosure shall be disclosed on the AMC website viz. https://www.miraeassetmf.co.in/downloads/portfolio as well as AMFI website within 10 days from the close of each month. The AMC shall disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on its website viz. https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure and AMFI website. Further, in accordance with clause 5.16 of SEBI Master Circular dated June 27, 2024, the AMC shall disclose: a. risk-o-meter of the scheme wherever the performance of the scheme is disclosed; b. risk-o-meter of the scheme and benchmark wherever the performance of the scheme vis-à-vis that of the benchmark is disclosed. c. scheme risk-o-meter, name of benchmark and risk-o-meter of benchmark while disclosing portfolio of the scheme. C. Transparency/NAV Disclosure The AMC will calculate and disclose the first NAV under the Scheme not later than 5 Business Days SO-41 from the date of allotment of units under the NFO Period. Subsequently, the NAV will be calculated and disclosed for every Business Day. Mutual Fund / AMC will provide facility of sending latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. NAV of the Units of the Scheme (including options thereunder) calculated in the manner provided in this SID or as may be prescribed by the Regulations from time to time. The NAV will be computed upto 3 decimal places. In accordance with clause 8.1 of SEBI Master Circular dated June 27, 2024, the NAV of the scheme shall be uploaded on the websites of the AMC (miraeassetmf.co.in) and Association of Mutual Funds in India (www.amfiindia.com) by 10.00 a.m. of the following business day. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI by the next day. If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs. D. Transaction charges and stamp duty- Pursuant to SEBI Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/115 dated August 08, 2025, no transaction charges shall be deducted from the subscription amount for transactions /applications received through the distributors (i.e. in Regular Plan) and full subscription amount will be invested in the Scheme. Applicability of Stamp Duty: Page 60 of 63 Mirae Asset Nifty Metal ETF FOFPursuant to Notification No. S. O. 1226 (E) and G.S.R 226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Government of India on the Finance Act, 2019, a stamp duty @ 0.005% of the transaction value shall be levied on applicable mutual fund transactions. Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase transactions (including dividend reinvestment) to the unitholders would be reduced to that extent For details refer in Statement of Additional Information. E. Associate Transactions Please refer to Statement of Additional Information (SAI) F. Taxation For details on taxation please refer to the clause on Taxation in the SAI apart from the following Rates of tax and tax deducted at source (TDS) under the Act for Capital Gains on units of Equity Oriented Fund: Income Tax Rates TDS Rates Resident/ Type of PIO/ NRI/ Capital Condition NRI/OCBs/ FII & Other non FII Resident Gain others FII non- residents Sale upto 22nd 15% 15% Nil 15% STT has July, been paid 2024 on Sale on or + Short redemption after 23rd 20% 20% Nil 20% Term July, Capital 2024 Gain 30% for Non-resident Normal (redemption Upto other than corporates, rate of tax before 22nd 40% (till 31 March applicable 30% Nil completing July, 2024)/ 35% (from 1 to the one year of 2024 April 2024) for non- Other assessee holding) residents corporates cases Normal 30% for Non-resident 23rd July, rate of tax other than corporates, 2024 applicable 30% Nil 35% for non- onwards to the residents corporates assessee Page 61 of 63 Mirae Asset Nifty Metal ETF FOFUpto 22nd STT has 10%# 10%# Nil 10% July, ++ Long been paid 2024 Term on 23rd July, Capital redemption 2024 12.5%# 12.5%# Nil 12.5% Gain onwards (redemption Upto after 22nd completing 10%* 10%* Nil 10% July, one year of Other 2024 holding) cases 23rd July, 2024 12.5%* 12.5%* Nil 12.5% onwards PIO: Person of Indian origin NRI: Non-resident Indian FII: Foreign Institutional investor OCB: Overseas Corporate Body # Under section 112A of the Act, where long term capital gain exceeds Rs. 1,25,000/- tax is payable @ 10% upto 22nd July, 2024 and 12.5% from 23rd July, 2024 onwards plus applicable surcharge and cess (without indexation benefit). *without indexation benefit + With respect to an Equity Oriented Fund of Fund, units acquired post 1 April 2023 and sold prior to 31 March 2025 would be considered as units sold of a Specified Mutual Fund (SMF) as mentioned below and hence, any gains arising on transfer of such units would be deemed to be short-term capital gains. However, with respect to units acquired prior to 1 April 2023, gains arising on transfer of such units would not be considered as units sold of a Specified Mutual Fund (SMF) as mentioned below and would continue to be governed by the normal provisions (i.e., long-term or short-term, depending upon period of holding) as mentioned in the table above. ++ As per the amended Finance Bill 2023, a Specified Mutual Fund (SMF) acquired on or after April 1, 2023, shall be deemed to be short-term capital asset and hence, the gains arising on such transfer will be regarded as short-term capital gains (STCG) irrespective of period of holding. SMF is a Mutual Fund holding less than 35% of its total investment in equity shares of domestic companies. Accordingly, Equity Fund of Fund investing in Equity ETF shall fall within the ambit of SMF and the gains arising on its transfer will be regarded as STCG and would be taxable at the rate of 15% (where transfer takes place before 23 July 2024) or 20% (where transfer takes place on or after 23 July 2024) (plus applicable surcharge and cess) and no indexation benefit will be available on transfer of such investments. However, effective 01 April 2025, the definition of ‘Specified Mutual Fund’ has been proposed to be amended as under: • A mutual fund wherein more than 65% of total proceeds are invested in the debt and money market instruments; or • Fund which invests 65% or more of its total proceeds in units of a fund referred in clause (a) above, calculated basis the annual average of the daily closing figures Page 62 of 63 Mirae Asset Nifty Metal ETF FOFAs a result of the proposed amendment, Equity Fund of Fund investing in Equity ETF which were earlier covered under the definition of Special Mutual Fund will now get excluded from the definition. Thus, for Equity Fund of Fund investing in Equity ETF sold on or after 1 April 2025, the above provisions of specified mutual funds would not apply. However, capital gains on sale of mutual Funds investing more than 65% in debt and money market instruments or Fund which invests 65% or more of its total proceeds in units of such fund (hereinafter referred to as “Debt and Money Market Mutual Funds”) would continue to be deemed to be short-term capital gains. For further details on taxation please refer to the clauses on Taxation in SAI. G. Rights of Unitholders Please refer to SAI for details. H. List of official points of acceptance https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer-documents-data I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority SO-48 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer-documents-data Notwithstanding anything contained in this SID, the provisions of the SEBI (Mutual Funds), SO-63 Regulations, 1996 and the guidelines thereunder shall be applicable. THE TERMS OF THE SCHEME WERE APPROVED BY THE DIRECTORS OF MIRAE ASSET TRUSTEE COMPANY PRIVATE LIMITED VIDE CIRCULAR RESOLUTION DATED JANAURY 02, 2026 For and on behalf of the Board of Directors of Mirae Asset Investment Managers (India) Private Limited (Asset Management Company for Mirae Asset Mutual Fund) Sd/- Rimmi Jain Head- Compliance, Legal & Company Secretary Place: Mumbai Date: XX/XX/XXXX Page 63 of 63 Mirae Asset Nifty Metal ETF FOF