Description
Bandhan Mutual Fund launches BANDHAN GOLD ETF NFO from October 13-15, 2025, on BSE StAR MF Platform with tentative allotment on October 17, 2025.
Summary
Bandhan Mutual Fund is launching BANDHAN GOLD ETF as a 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. The NFO will be extended until midnight on October 15, 2025, for lumpsum purchases only.
Key Points
- Two scheme options available: BANDHAN GOLD ETF and BANDHAN GOLD ETF - DIRECT PLAN, both under equity category
- NFO period: October 13-15, 2025
- Tentative allotment date: October 17, 2025
- Extended trading hours available until midnight on October 15, 2025 (lumpsum purchases only)
- Transactions without client-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 with initiated payments remain in system until 3:00 PM on last NFO pay-out day or T+5, whichever is earlier
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 clear funds are available in ICCL Account by 6:00 PM on October 16, 2025
- Clients must initiate fund payments by 9:00 AM on T+1 day to avoid cancellation
- Cheques and OTM payments are acceptable during NFO period, subject to receipt of clear funds in ICCL account by 6:00 PM on October 16, 2025
- Switches accepted during NFO period only if funds received before allotment date
- Funds for switch-out schemes received on or after NFO allotment date will not be considered for allotment
Important Dates
- October 13, 2025: NFO opening date
- October 15, 2025: NFO closing date (extended until midnight for lumpsum purchases)
- October 16, 2025: Deadline for clear funds in ICCL Account (6:00 PM)
- October 17, 2025: Tentative allotment date
Impact Assessment
This circular has minimal market-wide impact as it pertains to a routine NFO launch. The impact is limited to:
- BSE StAR MF Platform members who wish to participate in the Bandhan Gold ETF offering
- Investors seeking gold ETF exposure through Bandhan Mutual Fund
- Operational considerations for brokers and members handling NFO transactions during the specified period
The circular provides standard operational guidelines and does not affect broader market operations or introduce new compliance burdens beyond routine NFO procedures.
Impact Justification
Routine NFO launch notification for a Gold ETF with standard operational procedures. Limited market-wide impact, primarily informational for members interested in the new fund offering.