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 the GROWW NIFTY NEXT 50 ETF as a New Fund Offer (NFO) on BSE StAR MF Platform from August 6, 2025, to August 20, 2025, with tentative allotment scheduled for August 28, 2025.
Key Points
- NFO period: August 6-20, 2025
- Two schemes available: Regular and Direct Plan (both equity category)
- Tentative allotment date: August 28, 2025
- Clear funds deadline: 6:00 PM on August 21, 2025
- Extended trading until midnight on August 20, 2025 for lumpsum purchases
- Cheques and OTM payments accepted subject to clear funds receipt
Regulatory Changes
No regulatory changes introduced. Standard NFO procedures apply.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
- Transactions without client payment initiation will be cancelled with CC reporting to RTA/AMC
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Pending transactions will remain in system until 3:00 PM on last payout day or T+5, whichever is earlier
Important Dates
- NFO Start: August 6, 2025
- NFO End: August 20, 2025 (extended until midnight for lumpsum)
- Clear Funds Deadline: August 21, 2025 (6:00 PM)
- Tentative Allotment: August 28, 2025
Impact Assessment
Medium impact on mutual fund segment as it introduces a new ETF tracking NIFTY NEXT 50 index, providing investors with additional passive investment options. Limited broader market impact as this is a fund launch rather than a regulatory or operational change affecting existing securities.
Impact Justification
New ETF launch affects mutual fund investment options but has limited market-wide impact