Description
GROWW Mutual Fund launches GROWW NIFTY NEXT 50 ETF NFO from August 6-20, 2025 on BSE StAR MF Platform with tentative allotment on August 28, 2025.
Summary
GROWW Mutual Fund is launching the GROWW NIFTY NEXT 50 ETF New Fund Offer (NFO) on BSE StAR MF Platform from August 6, 2025, to August 20, 2025. The scheme includes both regular and direct plans with tentative allotment date of August 28, 2025.
Key Points
- GROWW NIFTY NEXT 50 ETF NFO period: August 6-20, 2025
- Two schemes available: Regular and Direct Plan (both equity category)
- Tentative allotment date: August 28, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- NFO extended till midnight on August 20, 2025 for lumpsum purchases only
- Cheques and OTM payments acceptable subject to clear funds receipt
Regulatory Changes
No specific regulatory changes mentioned in this circular.
Compliance Requirements
- Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid cancellation
- Transactions without client-initiated payment will be cancelled with CC and N flag reported to RTA/AMC
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Pending transactions will remain in system till 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
Important Dates
- NFO Start Date: August 6, 2025
- NFO End Date: August 20, 2025 (extended till midnight for lumpsum)
- Clear Funds Deadline: August 21, 2025 (6:00 PM)
- Tentative Allotment Date: August 28, 2025
- Extended Period Deadline: August 20, 2025 (midnight)
Impact Assessment
This NFO launch provides new investment opportunities for investors seeking exposure to NIFTY Next 50 index through ETF structure. The extended trading hours and specific fund settlement requirements may require operational adjustments by members and increased client communication regarding payment deadlines.
Impact Justification
New ETF launch affects mutual fund platform operations and investor opportunities