Mirae Asset Mutual Fund has announced the launch of two new passive funds — Mirae Asset Nifty Metal ETF and Mirae Asset Nifty PSU Bank ETF.

The new fund offer or NFO of Mirae Asset Nifty Metal ETF will open for subscription on September 20 and close on September 30. The scheme will re-open for continuous sale and repurchase on October 4.

The NFO of Mirae Asset PSU Bank ETF will open on September 24 and close on September 30. The scheme will re-open for continuous sale and repurchase on October 3.

Mirae Asset Nifty Metal ETF is an open-ended scheme replicating/tracking Nifty Metal Total Return Index and Mirae Asset Nifty PSU Bank ETF is an open-ended scheme replicating/tracking Nifty PSU Bank Total Return Index.