Description

SBI Dynamic Asset Allocation Active FOF NFO extended from September 8 to September 9, 2025, with specific fund payment requirements and allotment details.

Summary

BSE has extended the New Fund Offer (NFO) period for SBI Dynamic Asset Allocation Active FOF from September 8, 2025, to September 9, 2025. The extension includes specific requirements for fund payments, allotment procedures, and compliance timelines for members and clients.

Key Points

  • NFO extended by one day from September 8 to September 9, 2025
  • Transactions without client fund initiation by 9:00 AM on T+1 day will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on September 12, 2025
  • Tentative allotment date confirmed for September 15, 2025
  • Extension applies only to lumpsum purchases on BSE StAR MF Platform
  • SIP/XSIP registrations must be authenticated by 3:00 PM on NFO closure date

Regulatory Changes

No new regulatory changes introduced - this is an operational extension of existing NFO procedures.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
  • Clear funds availability in ICCL Account required by 6:00 PM on September 12, 2025
  • Cheques and OTM payments acceptable subject to clear funds receipt by deadline
  • Switch transactions must receive funds before allotment date for consideration
  • SIP/XSIP authentication required by 3:00 PM on closure date

Important Dates

  • September 9, 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 9:00 AM: Client fund initiation deadline
  • 3:00 PM on closure: SIP/XSIP authentication deadline

Impact Assessment

Medium impact on mutual fund operations with extended trading opportunity for investors. Members must ensure compliance with fund payment timelines to avoid transaction cancellations. The extension provides additional time for client participation while maintaining strict fund settlement requirements.

Impact Justification

NFO extension affects mutual fund trading operations with specific compliance requirements for fund payments