Description

GROWW Mutual Fund launches GROWW NIFTY SMALLCAP 250 ETF NFO on BSE StAR MF Platform from October 10-24, 2025, with allotment on October 31, 2025.

Summary

GROWW Mutual Fund will launch the GROWW NIFTY SMALLCAP 250 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from October 10, 2025, to October 24, 2025, with tentative allotment scheduled for October 31, 2025. Both regular and direct plan options will be available.

Key Points

  • NFO offers GROWW NIFTY SMALLCAP 250 ETF in both regular and direct plan variants
  • Scheme category: EQUITY
  • Transactions where clients have not initiated funds by 9:00 AM on T+1 day will be cancelled
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Pending transactions remain in system until 3:00 PM on last day of fund payout or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on October 28, 2025
  • Cheques and OTM payments acceptable subject to receipt of clear funds by October 28, 2025 deadline
  • NFO extended until midnight on October 24, 2025, for lumpsum purchases only

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch notification.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on October 28, 2025, for unit allotment
  • Members must report cancelled transactions with CC and N flag to RTA/AMC
  • Cheque and OTM payments must clear by the October 28, 2025 deadline

Important Dates

  • October 10, 2025: NFO opening date
  • October 24, 2025: NFO closing date (extended until midnight for lumpsum purchases)
  • October 28, 2025: Clear funds deadline in ICCL Account by 6:00 PM
  • October 31, 2025: Tentative allotment date
  • T+1 day: Client fund initiation deadline by 9:00 AM
  • T+5 or last payout day: Pending transaction deadline at 3:00 PM

Impact Assessment

This is a routine NFO launch with limited market impact. The announcement provides operational guidance for BSE StAR MF Platform members facilitating GROWW Mutual Fund’s new ETF offering. The scheme targets the Nifty Smallcap 250 index segment. Members need to adhere to specific timelines for fund collection and transfer to ensure successful unit allotment for their clients. The extended trading period until midnight on the closing date provides additional flexibility for lumpsum investments.

Impact Justification

Routine NFO launch announcement for mutual fund members with standard operational procedures and timelines