Description
SBI Mutual Fund launches new ETF NFO from August 4-7, 2025 with specific fund settlement requirements.
Summary
SBI Mutual Fund is launching SBI NIFTY 1D RATE LIQUID ETF as a New Fund Offer (NFO) on BSE StAR MF Platform from August 4-7, 2025, with allotment scheduled for 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
- Tentative allotment date: August 8, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 7, 2025
- Transactions without fund initiation by 9:00 AM on T+1 will be cancelled
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
- Clear funds required 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)
- Allotment Date: August 8, 2025
- Fund Settlement Deadline: August 7, 2025 (6:00 PM)
Impact Assessment
Medium impact for mutual fund segment participants. New liquid ETF option provides additional investment avenue for clients. Operational requirements ensure proper fund settlement and allotment process integrity.
Impact Justification
New ETF launch with specific operational requirements for members and investors