Description
GROWW Mutual Fund to offer GROWW NIFTY SMALLCAP 250 ETF NFO from October 10-24, 2025 on BSE StAR MF Platform with allotment on October 31, 2025.
Summary
GROWW Mutual Fund will launch GROWW NIFTY SMALLCAP 250 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from October 10, 2025 to October 24, 2025. The scheme includes both regular and direct plans under the equity category, with tentative allotment scheduled for October 31, 2025. The NFO will be extended until midnight on October 24, 2025 for lumpsum purchases only.
Key Points
- Two scheme variants offered: GROWW NIFTY SMALLCAP 250 ETF and GROWW NIFTY SMALLCAP 250 ETF - DIRECT PLAN
- Both schemes categorized under EQUITY
- NFO period: October 10-24, 2025
- Tentative allotment date: October 31, 2025
- Extended trading hours available until midnight on October 24, 2025 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be available in ICCL Account by 6:00 PM on October 28, 2025
- Cheques and OTM payments accepted during NFO period subject to clear funds receipt deadline
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.
Compliance Requirements
- Members must ensure transactions for which clients have not initiated funds till 9:00 AM on T+1 day (including extended period transactions) will be cancelled
- Members must report CC with N flag to RTA/AMC for cancelled transactions
- Transactions with initiated payments will remain pending until 3:00 PM on the last day of funds pay-out or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on October 28, 2025 for unit allotment
- Cheques and OTM payments must result in clear funds in ICCL account 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 9:00 AM: Deadline for client fund initiation (transactions without funds will be cancelled)
- T+5 or last day of NFO 3:00 PM: Pending transaction deadline (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch that expands investment options for smallcap equity exposure through ETF structure. No direct impact on existing securities or market operations.
Operational Impact: Low - Standard NFO procedures apply with clear timelines for BSE StAR MF Platform members. Payment handling and cancellation protocols are well-defined and follow existing operational frameworks.
Investor Impact: Positive for investors seeking passive smallcap exposure through the NIFTY SMALLCAP 250 index via GROWW Mutual Fund’s ETF structure with both regular and direct plan options available.
Impact Justification
Routine NFO launch announcement for mutual fund platform members with standard operational procedures and timelines.