Description

GROWW Mutual Fund launches GROWW MULTI ASSET ALLOCATION FUND - NFO with SIP facility on BSE StAR MF Platform from September 10-24, 2025.

Summary

GROWW Mutual Fund is launching GROWW MULTI ASSET ALLOCATION FUND - NFO (New Fund Offer) with SIP (Systematic Investment Plan) facility on BSE StAR MF Platform from September 10, 2025, to September 24, 2025. The fund offers 6 different plan variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • NFO period: September 10-24, 2025
  • Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
  • All schemes categorized under Equity with respective ISIN codes
  • Tentative allotment date: October 01, 2025
  • Extended trading till midnight on September 24, 2025, for lumpsum purchases only
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch notification with established BSE StAR MF Platform procedures.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on September 25, 2025
  • Cheques & OTM payments acceptable during NFO period subject to clear fund receipt by September 25, 2025
  • Switch transactions must receive funds on or before allotment date for NFO consideration
  • Transactions without fund initiation will be cancelled with CC and N flag reported to RTA/AMC

Important Dates

  • NFO Start Date: September 10, 2025
  • NFO End Date: September 24, 2025 (extended till midnight for lumpsum)
  • Clear Funds Deadline: September 25, 2025, 6:00 PM
  • SIP Authentication Deadline: September 24, 2025, 3:00 PM
  • Tentative Allotment Date: October 01, 2025
  • Pending Transaction Limit: T+5 or last day of fund payout, whichever is earlier

Impact Assessment

This NFO launch expands investment options for retail investors on BSE StAR MF Platform, providing access to a multi-asset allocation strategy through GROWW Mutual Fund. The offering includes both regular and direct plan options catering to different investor preferences. The SIP facility enables systematic investment planning, making it accessible for retail participation. The impact is primarily positive for the mutual fund distribution ecosystem and investor choice expansion.

Impact Justification

New fund offering affects mutual fund distribution and investment options for retail investors on BSE platform