Description
GROWW Mutual Fund launches GROWW NIFTY NEXT 50 INDEX FUND NFO 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 fund offers 6 different plan options including Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment variants.
Key Points
- NFO period: August 6-20, 2025
- Six scheme variants available (Regular/Direct plans with different options)
- Tentative allotment date: August 28, 2025
- Extended hours available till midnight on August 20, 2025 for lumpsum purchases only
- SIP/XSIP registrations must be authenticated by 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes introduced. Standard NFO operational procedures apply.
Compliance Requirements
- Members must ensure clear funds availability in ICCL Account by 6:00 PM on August 21, 2025
- Transactions without client fund initiation by 9:00 AM on T+1 will be cancelled
- Cheques & OTM payments acceptable subject to clear funds receipt by deadline
- Switch transactions must receive funds by allotment date for consideration
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
Low market impact as this is a routine NFO launch. Provides investors with new index fund option tracking NIFTY Next 50. Standard operational procedures apply with no disruption to existing trading activities.
Impact Justification
Routine NFO launch announcement with standard operational procedures