Description

GROWW Mutual Fund launches GROWW Multi Asset Allocation Fund NFO with SIP facility from September 10-24, 2025, with tentative allotment on October 1, 2025.

Summary

GROWW Mutual Fund announces the launch of GROWW Multi Asset Allocation Fund as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform. The NFO period runs from September 10, 2025, to September 24, 2025, with tentative allotment on October 1, 2025.

Key Points

  • Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
  • All schemes classified under Equity category with unique ISIN codes
  • NFO extended till midnight on September 24, 2025, for lumpsum purchases only
  • SIP/XSIP registrations must be authenticated by 3:00 PM on NFO closure date
  • Clear funds must be available in ICCL Account by 6:00 PM on September 25, 2025

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
  • Pending transactions without payment will be cancelled and CC with N flag reported to RTA/AMC
  • Cheques and OTM payments acceptable subject to clear funds receipt by specified deadline
  • Switch transactions must receive funds on or before allotment date for NFO consideration

Important Dates

  • NFO Period: September 10-24, 2025
  • Fund Payment Deadline: 6:00 PM, September 25, 2025
  • Tentative Allotment Date: October 1, 2025
  • SIP Authentication Deadline: 3:00 PM on September 24, 2025
  • Extended Trading: Until midnight on September 24, 2025 (lumpsum only)

Impact Assessment

Limited market impact as this is a routine mutual fund product launch. The multi-asset allocation fund provides investors with a new diversification option across asset classes. Standard operational procedures ensure minimal disruption to existing trading activities on BSE StAR MF Platform.

Impact Justification

Routine mutual fund NFO launch announcement with standard procedures and limited market impact