Description

BSE announces the launch of Kotak Nifty Alpha 50 Index Fund NFO with SIP facility from July 28 to August 11, 2025.

Summary

BSE has announced the launch of Kotak Nifty Alpha 50 Index Fund New Fund Offer (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO period runs from July 28, 2025, to August 11, 2025, with tentative allotment scheduled for August 19, 2025. The fund offers six variants covering both Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • NFO period: July 28, 2025, to August 11, 2025
  • Six scheme variants available (Regular/Direct plans with Growth/IDCW options)
  • All variants categorized as Equity funds tracking Nifty Alpha 50 Index
  • Tentative allotment date: August 19, 2025
  • Extended trading till midnight on August 11, 2025, for lumpsum purchases only
  • SIP/XSIP registrations must be authenticated by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes announced. This is a standard NFO launch notification.

Compliance Requirements

For BSE Members:

  • Ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Report cancelled transactions with CC and N flag to RTA/AMC
  • Ensure clear funds availability in ICCL Account by 6:00 PM on August 14, 2025
  • Accept cheques and OTM payments only if clear funds received by August 14, 2025, 6:00 PM
  • Process switches only if funds received before allotment date

Important Dates

  • NFO Start Date: July 28, 2025
  • NFO End Date: August 11, 2025
  • Extended Trading Deadline: Midnight on August 11, 2025 (lumpsum only)
  • SIP Authentication Deadline: 3:00 PM on August 11, 2025
  • Clear Funds Deadline: August 14, 2025, 6:00 PM
  • Tentative Allotment Date: August 19, 2025

Impact Assessment

Market Impact: Medium - Standard NFO launch expanding investment options for retail and institutional investors in index-based equity funds.

Operational Impact: Medium - BSE members need to ensure compliance with specific fund settlement timelines and authentication requirements. The extended trading hours and SIP facility may increase operational complexity but provides better customer service options.

Investor Impact: Positive - Provides new investment avenue in Nifty Alpha 50 Index with both lumpsum and SIP options across multiple plan variants.

Impact Justification

Standard NFO launch announcement affecting mutual fund trading operations on BSE platform with specific operational requirements for members