Description
NIPPON INDIA Mutual Fund launches Annual Interval Fund Series I with specified transaction period from August 13-14, 2025 on BSE StAR MF Platform.
Summary
NIPPON INDIA Mutual Fund is launching NIPPON INDIA ANNUAL INTERVAL FUND - SERIES I on BSE StAR MF Platform with a Specified Transaction Period (STP) from August 13-14, 2025. The scheme offers 6 different plan options across debt category with specific payment restrictions during the transaction period.
Key Points
- Transaction period: August 13-14, 2025 during normal business hours
- 6 scheme variants available: Direct/Regular plans with Growth/IDCW options
- All schemes categorized as DEBT funds
- NAV applicable as per cut-off timing based on transaction receipt date/time
- MICR Cheque, Nodal and OTM payments not accepted during STP
- Funds not received before 2:30pm will be refunded after AMC/RTA rejection
Regulatory Changes
No regulatory changes mentioned - this is a new scheme activation notice.
Compliance Requirements
- Members must ensure transaction requests comply with scheme cut-off timings
- Payment modes restricted: MICR Cheque, Nodal and OTM not accepted during STP
- Clear funds must be received before 2:30pm on transaction dates
- Fund confirmation must be uploaded/received as per requirements
Important Dates
- August 13-14, 2025: Specified Transaction Period for subscription/redemption
- 2:30pm daily: Cut-off for clear funds receipt during STP
Impact Assessment
Medium impact on mutual fund market participants. New interval fund provides additional investment option for debt fund investors. Limited 2-day transaction window may create concentrated trading activity. Payment restrictions could affect transaction processing for some investors and distributors using restricted payment modes.
Impact Justification
New mutual fund scheme launch with limited transaction window affects mutual fund investors and distributors