Description
GROWW Mutual Fund launches new fund offer for NIFTY NEXT 50 INDEX FUND with SIP facility from August 6-20, 2025.
Summary
GROWW Mutual Fund is launching GROWW NIFTY NEXT 50 INDEX FUND as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from August 6, 2025, to August 20, 2025. The scheme offers 6 variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO period: August 6-20, 2025
- 6 scheme variants available (Regular/Direct plans with Growth/IDCW options)
- SIP facility available during NFO period
- Tentative allotment date: August 28, 2025
- Extended trading till midnight on August 20, 2025 for lumpsum purchases only
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
Regulatory Changes
No regulatory changes. This is a standard NFO launch announcement.
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 and reported with CC N flag to RTA/AMC
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
Important Dates
- NFO Start: August 6, 2025
- NFO End: August 20, 2025 (extended till midnight for lumpsum)
- Clear Funds Deadline: August 21, 2025 (6:00 PM)
- Tentative Allotment: August 28, 2025
- SIP Authentication Deadline: August 20, 2025 (3:00 PM)
Impact Assessment
Minimal market impact as this is a routine mutual fund product launch. Provides additional investment option for investors seeking exposure to NIFTY NEXT 50 index through a passive investment vehicle. Standard operational procedures apply for BSE StAR MF Platform participants.
Impact Justification
Routine mutual fund NFO launch with standard operational requirements