Description

SBI Mutual Fund launches SBI NIFTY 1D RATE LIQUID ETF NFO from August 04-07, 2025 on BSE StAR MF Platform with allotment on August 08, 2025.

Summary

SBI Mutual Fund is launching SBI NIFTY 1D RATE LIQUID ETF - NFO on BSE StAR MF Platform from August 04-07, 2025. The scheme includes both regular and direct plans with tentative allotment on August 08, 2025. Members must ensure clear funds availability in ICCL Account by 6:00 PM on August 07, 2025.

Key Points

  • NFO period: August 04-07, 2025 (extended till 6:00 PM on August 07)
  • Two scheme variants: Regular and Direct Plan (both Liquid category)
  • Tentative allotment date: August 08, 2025
  • Clear funds must be available in ICCL Account by 6:00 PM on August 07, 2025
  • Transactions without fund initiation by 9:00 AM on T+1 will be cancelled
  • Pending transactions remain in system till 3:00 PM on last day or T+5, whichever is earlier

Regulatory Changes

No regulatory changes mentioned in this circular.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on August 07, 2025
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • Switch transactions must receive funds before allotment date for consideration
  • CC with N flag will be reported to RTA/AMC for cancelled transactions

Important Dates

  • NFO Start Date: August 04, 2025
  • NFO End Date: August 07, 2025 (6:00 PM)
  • Fund Settlement Deadline: August 07, 2025 (6:00 PM)
  • Tentative Allotment Date: August 08, 2025
  • Transaction Cancellation: T+1 day at 9:00 AM if funds not initiated
  • Pending Transaction Cutoff: 3:00 PM on last day or T+5

Impact Assessment

Medium impact on mutual fund trading operations. This NFO launch provides new liquid ETF investment option for investors tracking NIFTY 1D RATE. The strict fund settlement requirements ensure proper risk management and operational efficiency. Members need to coordinate with clients for timely fund arrangements to avoid transaction cancellations.

Impact Justification

New ETF NFO launch affects mutual fund trading operations with specific compliance requirements for fund settlement