Description

NIPPON INDIA MUTUAL FUND launching new manufacturing index fund NFO with SIP facility from August 6-20, 2025 with tentative allotment on August 26, 2025.

Summary

NIPPON INDIA MUTUAL FUND is launching the NIPPON INDIA NIFTY INDIA MANUFACTURING INDEX FUND as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform. The NFO period runs from August 6, 2025 to August 20, 2025, with tentative allotment scheduled for August 26, 2025.

Key Points

  • Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
  • All schemes categorized as Equity funds with unique ISIN codes
  • NFO extended till midnight on August 20, 2025 for lumpsum purchases only
  • SIP/XSIP registration authentication required before 3:00 PM on NFO closure date
  • Clear funds must be available in ICCL Account by 6:00 PM on August 25, 2025

Regulatory Changes

No regulatory changes announced. This is a standard NFO launch following existing mutual fund regulations.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions without funds will be cancelled and reported to RTA/AMC with CC and N flag
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • Switch transactions must receive funds before allotment date for consideration

Important Dates

  • NFO Period: August 6, 2025 to August 20, 2025
  • SIP Registration Deadline: 3:00 PM on August 20, 2025
  • Clear Funds Deadline: 6:00 PM on August 25, 2025
  • Tentative Allotment Date: August 26, 2025
  • Extended Trading: Till midnight on August 20, 2025 (lumpsum only)

Impact Assessment

Limited market impact as this is a routine NFO launch. The fund focuses on manufacturing sector exposure through Nifty India Manufacturing Index, providing investors with sectoral diversification options. Impact primarily on mutual fund distribution channels and manufacturing sector sentiment.

Impact Justification

Routine NFO launch announcement affecting mutual fund operations only