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 the 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 fund offers 6 different plan variants with tentative allotment on August 28, 2025.
Key Points
- NFO period: August 6-20, 2025
- Six plan variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment 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
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Members must ensure clear funds are available in ICCL Account by 6:00 PM on August 21, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- 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)
- Funds Deadline: August 21, 2025 (6:00 PM)
- Tentative Allotment: August 28, 2025
- SIP Authentication Deadline: August 20, 2025 (3:00 PM)
Impact Assessment
Limited impact restricted to mutual fund investors interested in NIFTY NEXT 50 index exposure. Provides additional investment option through GROWW Mutual Fund but does not affect broader market operations or trading activities.
Impact Justification
Routine NFO launch affecting only mutual fund investors, no broader market impact