Description
SBI Mutual Fund launches SBI NIFTY 1D RATE LIQUID ETF NFO on BSE StAR MF Platform from August 4-7, 2025.
Summary
SBI Mutual Fund is launching the SBI NIFTY 1D RATE LIQUID ETF New Fund Offering (NFO) on BSE StAR MF Platform from August 4-7, 2025, with tentative allotment on August 8, 2025.
Key Points
- NFO period: August 4-7, 2025 (extended till 6:00 PM on August 7)
- Two schemes: Regular and Direct Plan variants
- Liquid ETF category tracking NIFTY 1D RATE
- Tentative allotment date: August 8, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 7, 2025
Regulatory Changes
No regulatory changes - standard NFO launch procedures apply.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
- Transactions without funds will be cancelled with CC N flag reported to RTA/AMC
- Clear funds mandatory in ICCL Account by 6:00 PM on August 7, 2025
- Cheques and OTM payments acceptable subject to clear funds receipt
- Switch transactions must receive funds before allotment date
Important Dates
- NFO Start: August 4, 2025
- NFO End: August 7, 2025 (6:00 PM)
- Tentative Allotment: August 8, 2025
- Fund Payment Deadline: August 7, 2025 (6:00 PM)
Impact Assessment
Medium impact on mutual fund segment participants. New liquid ETF option provides additional investment avenue for investors seeking liquid fund exposure through exchange-traded format. Minimal broader market impact as this is a standard NFO launch.
Impact Justification
New ETF NFO launch affects mutual fund segment participants but has limited broader market impact