Description

Bandhan Mutual Fund launches BANDHAN SILVER ETF - NFO on BSE StAR MF Platform from October 13-15, 2025, with allotment on October 17, 2025.

Summary

Bandhan Mutual Fund is launching BANDHAN SILVER ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open for subscription from October 13, 2025, to October 15, 2025, with a tentative allotment date of October 17, 2025. Both regular and direct plan options will be available under the equity category.

Key Points

  • BANDHAN SILVER ETF (Regular and Direct Plan) available for subscription
  • NFO period: October 13-15, 2025
  • Tentative allotment date: October 17, 2025
  • Scheme category: Equity
  • Extended trading till midnight on October 15, 2025, for lumpsum purchases only
  • Clear funds must be available in ICCL Account by 6:00 PM on October 16, 2025
  • 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
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt
  • Switches accepted during NFO period only if funds received before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated funds payment by 9:00 AM on T+1 day to avoid cancellation
  • Pending transactions will remain in system till 3:00 PM on last day of funds pay-out to AMC or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on October 16, 2025, for unit allotment
  • For switches, funds must be received before October 17, 2025 (allotment date) to be considered for allotment
  • Members must process cheque and OTM payments to ensure funds clearing by October 16, 2025, at 6:00 PM

Important Dates

  • October 13, 2025: NFO opens
  • October 15, 2025: NFO closes (extended till midnight for lumpsum purchases)
  • October 16, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • October 17, 2025: Tentative allotment date
  • T+1 day, 9:00 AM: Deadline for client-initiated funds payment (to avoid cancellation)

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch that provides investors with a new silver ETF investment option. No impact on existing market operations or securities trading.

Operational Impact: Low to moderate for BSE StAR MF Platform members participating in the NFO. Members need to ensure proper fund collection and payment processes are followed within specified timelines to avoid transaction cancellations and ensure successful unit allotment for their clients.

Investor Impact: Positive for investors seeking silver ETF exposure. The NFO provides access to a new equity scheme focused on silver, with both regular and direct plan options available through the BSE platform.

Impact Justification

Routine NFO launch notification for mutual fund members with standard operational procedures and payment timelines. Limited market-wide impact as it affects only participating investors in the NFO.