Description
GROWW Mutual Fund launches NIFTY NEXT 50 ETF NFO from August 6-20, 2025 with tentative allotment on August 28, 2025.
Summary
GROWW Mutual Fund is launching GROWW NIFTY NEXT 50 ETF as a 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 scheduled for August 28, 2025.
Key Points
- NFO period: August 6-20, 2025
- Two scheme variants: GROWW NIFTY NEXT 50 ETF and GROWW NIFTY NEXT 50 ETF - DIRECT PLAN
- Both schemes categorized as EQUITY
- Extended trading till midnight on August 20, 2025 for lumpsum purchases only
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
- Transactions without funds initiation will be cancelled with CC and N flag reported to RTA/AMC
- Pending transactions will remain in system till 3:00 PM on last day of fund payout or T+5, whichever is earlier
- Cheques and OTM payments acceptable subject to clear funds receipt by specified deadline
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
Impact Assessment
Low market impact as this is a standard ETF NFO launch. Provides investors access to NIFTY NEXT 50 index exposure through GROWW Mutual Fund. Operational impact limited to BSE StAR MF Platform participants and GROWW Mutual Fund distributors.
Impact Justification
Standard ETF NFO launch with specific operational procedures for mutual fund platform