Description

SBI Dynamic Asset Allocation Active FOF NFO extended from Sep 08 to Sep 09, 2025 with specific fund settlement requirements.

Summary

BSE has announced the extension of SBI Dynamic Asset Allocation Active FOF NFO from September 08, 2025 to September 09, 2025 on BSE StAR MF Platform. The circular outlines specific fund settlement requirements, cancellation policies, and allotment procedures for the extended NFO period.

Key Points

  • NFO extended by one day until midnight on September 09, 2025
  • Extension applies only to lumpsum purchases on BSE StAR MF Platform
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Tentative allotment date confirmed for September 15, 2025
  • Clear funds must be available in ICCL Account by 6:00 PM on September 12, 2025
  • SIP/XSIP registrations require client authentication before 3:00 PM on NFO closure date
  • SMART NFO switches triggered to AMC/RTA on September 05, 2025

Regulatory Changes

No new regulatory changes introduced. This is an operational extension of an existing NFO with clarified settlement procedures.

Compliance Requirements

  • Members must ensure client fund initiation by specified deadlines to avoid transaction cancellation
  • Clear funds settlement in ICCL Account required by 6:00 PM on September 12, 2025
  • SIP/XSIP authentication must be completed before 3:00 PM on NFO closure date
  • Cheques & OTM payments acceptable only if clear funds received by deadline

Important Dates

  • September 09, 2025: Extended NFO closure date (midnight)
  • September 12, 2025: Clear funds deadline in ICCL Account (6:00 PM)
  • September 15, 2025: Tentative allotment date
  • T+1 day: Fund initiation deadline (9:00 AM) to avoid cancellation
  • T+5 or last NFO day: Pending transaction deadline (3:00 PM)

Impact Assessment

The one-day extension provides additional opportunity for investors to participate in the SBI Dynamic Asset Allocation Active FOF. The strict fund settlement timelines and cancellation policies ensure operational efficiency while protecting investor interests. Impact is moderate, affecting mutual fund distributors and investors specifically interested in this SBI scheme.

Impact Justification

NFO extension affects mutual fund trading operations and settlement timelines for specific SBI scheme