Description
NIPPON INDIA MUTUAL FUND launches NIPPON INDIA NIFTY INDIA MANUFACTURING INDEX FUND NFO with SIP facility from August 06-20, 2025 on BSE StAR MF Platform.
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 from August 06, 2025, to August 20, 2025. The fund offers 6 different plan variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO period: August 06-20, 2025
- 6 scheme variants available (Regular/Direct plans with Growth/IDCW options)
- All schemes are equity category funds
- Tentative allotment date: August 26, 2025
- Extended trading till midnight on August 20, 2025 for lumpsum purchases only
- SIP/XSIP registration must be authenticated before 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Clear funds must be available in ICCL Account by 6:00 PM on August 25, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- Cheques & OTM payments acceptable during NFO period subject to clear funds receipt
- Switch transactions must receive funds before allotment date for consideration
Important Dates
- NFO Start Date: August 06, 2025
- NFO End Date: August 20, 2025 (extended till midnight for lumpsum)
- SIP Authentication Deadline: 3:00 PM on August 20, 2025
- Clear Funds Deadline: 6:00 PM on August 25, 2025
- Tentative Allotment Date: August 26, 2025
Impact Assessment
Medium impact on mutual fund investment landscape as it provides new investment avenue in manufacturing sector index. Limited direct impact on stock market operations but expands investment options for retail and institutional investors seeking exposure to India’s manufacturing sector through passive index investing.
Impact Justification
NFO launch affects mutual fund investment options but has limited direct market impact