Description

Bandhan Mutual Fund launching Bandhan Silver ETF NFO on BSE StAR MF Platform from October 13-15, 2025, with tentative allotment on October 17, 2025.

Summary

Bandhan Mutual Fund is launching the Bandhan Silver ETF New Fund Offer (NFO) on the BSE StAR MF Platform from October 13-15, 2025. The NFO includes both regular and direct plan options under the equity category, with tentative allotment scheduled for October 17, 2025. Clear funds must be available in ICCL account by 6:00 PM on October 16, 2025, for unit allotment.

Key Points

  • NFO period: October 13-15, 2025
  • Two schemes offered: Bandhan Silver ETF (Regular) and Bandhan Silver ETF - Direct Plan, both under equity category
  • Tentative allotment date: October 17, 2025
  • Extended trading hours available till midnight on October 15, 2025, for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Cheque and OTM payments accepted during NFO period
  • Switches accepted during NFO period subject to fund receipt before allotment date

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL account by 6:00 PM on October 16, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled with CC flagged as ‘N’ to RTA/AMC
  • Pending transactions with initiated payment will remain in system till 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
  • For switches, funds must be received before NFO allotment date; funds received on or after allotment date will not be considered

Important Dates

  • NFO Start Date: October 13, 2025
  • NFO End Date: October 15, 2025 (extended till midnight for lumpsum purchases)
  • Clear Funds Deadline: October 16, 2025 by 6:00 PM
  • Tentative Allotment Date: October 17, 2025
  • Transaction Cancellation Deadline: T+1 day at 9:00 AM (for uninitiated fund transactions)
  • Pending Transaction Limit: T+5 or 3:00 PM on last NFO pay-out day, whichever is earlier

Impact Assessment

Market Impact: Low - This is a routine NFO launch for a silver ETF product, affecting only members and investors interested in commodity-based ETF investments.

Operational Impact: Low to Medium - Members need to ensure compliance with payment timelines and fund availability requirements. The extended trading hours and specific cut-off times for various transaction types require operational adjustments during the NFO period.

Investor Impact: Low - Provides investment opportunity in silver through ETF route for investors interested in precious metals exposure through the mutual fund platform.

Impact Justification

Routine NFO launch announcement for a mutual fund scheme with standard operational guidelines for members