Description
Bandhan Mutual Fund launches BANDHAN SILVER ETF NFO from October 13-15, 2025, with tentative allotment on October 17, 2025.
Summary
Bandhan Mutual Fund will launch BANDHAN SILVER ETF New Fund Offer (NFO) on BSE StAR MF Platform from October 13-15, 2025. The scheme includes both regular and direct plans, with tentative allotment scheduled for October 17, 2025. Members must ensure clear funds are available in ICCL Account by 6:00 PM on October 16, 2025, for allotment.
Key Points
- NFO period: October 13-15, 2025
- Two schemes available: BANDHAN SILVER ETF (Regular and Direct Plan)
- Scheme category: Equity
- Tentative allotment date: October 17, 2025
- Extended trading hours: NFO extended 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
- Pending transactions remain in system till 3:00 PM on last NFO pay-out day or T+5, whichever is earlier
- Cheques and OTM payments accepted during NFO period subject to fund clearance
- Switches accepted during NFO period only if funds received before allotment date
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement.
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 and reported to RTA/AMC with CC and N flag
- Switch transactions will only be considered for allotment if funds for switch-out scheme are received before the NFO allotment date
- Cheques and OTM payments must result in clear funds in ICCL account by 6:00 PM on October 16, 2025
Important Dates
- October 10, 2025: Notice date
- October 13, 2025: NFO opening date
- October 15, 2025: NFO closing date (extended till midnight for lumpsum purchases)
- October 16, 2025: Deadline for clear funds in ICCL Account (6:00 PM)
- October 17, 2025: Tentative allotment date
- T+1 day: Client must initiate funds by 9:00 AM or transaction will be cancelled
- T+5 or last NFO pay-out day: Pending transactions remain in system till 3:00 PM, whichever is earlier
Impact Assessment
Market Impact: Low - This is a routine mutual fund NFO launch with no broader market implications.
Operational Impact: Low - Standard NFO procedures apply. Members trading on BSE StAR MF Platform need to follow established fund settlement timelines and processes for BANDHAN SILVER ETF subscriptions.
Investor Impact: Low - Provides investment opportunity in silver-focused ETF for investors interested in precious metals exposure through mutual fund route.
Impact Justification
Routine new fund offering announcement for mutual fund members on BSE StAR MF Platform with standard operational procedures