Description
BSE announces the launch of TRUST Mutual Fund's new arbitrage fund offering from August 18-22, 2025 with specific payment and allotment requirements.
Summary
BSE has announced the launch of TRUSTMF ARBITRAGE FUND - NFO with SIP facility on the BSE StAR MF Platform. The New Fund Offer (NFO) will be available from August 18, 2025, to August 22, 2025, with both Direct and Regular growth plans available.
Key Points
- NFO period: August 18-22, 2025
- Two scheme variants available: Direct Plan and Regular Plan (both Growth options)
- SIP facility available during NFO period
- Extended trading hours until midnight on August 22, 2025 (lumpsum only)
- Tentative allotment date: August 29, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 28, 2025
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
- SIP/XSIP registrations must be authenticated before 3:00 PM on NFO closure date
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
- Switch transactions must receive funds before allotment date for NFO consideration
Important Dates
- August 18, 2025: NFO opening date
- August 22, 2025: NFO closure date (extended till midnight for lumpsum)
- August 28, 2025: Clear funds deadline in ICCL Account (6:00 PM)
- August 29, 2025: Tentative allotment date
- T+1 9:00 AM: Client fund initiation deadline
- T+5 or last NFO day 3:00 PM: Final payment processing deadline
Impact Assessment
This NFO launch provides new investment opportunities for mutual fund investors seeking arbitrage strategies. The specific timing requirements and payment deadlines require careful coordination by members and investors. The extended trading hours and SIP facility enhance accessibility for retail investors.
Impact Justification
New fund launch affects mutual fund investors and distribution members but has limited market-wide impact