Description

ZERODHA Mutual Fund launches ZERODHA BSE SENSEX INDEX FUND NFO from October 20 to November 03, 2025 on BSE StAR MF Platform with specific payment and allotment procedures.

Summary

ZERODHA Mutual Fund is launching the ZERODHA BSE SENSEX INDEX FUND - DIRECT PLAN - GROWTH (Equity category, ISIN: INF0R8F01174) as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from October 20, 2025 to November 03, 2025, with a tentative allotment date of November 06, 2025. The circular outlines specific payment timelines, fund availability requirements, and extended trading hours for the NFO period.

Key Points

  • NFO scheme: ZERODHA BSE SENSEX INDEX FUND - DIRECT PLAN - GROWTH
  • Scheme category: Equity
  • ISIN: INF0R8F01174
  • Tentative allotment date: November 06, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with CC N flag reported to RTA/AMC
  • Transactions with initiated payment remain pending until 3:00 PM on last NFO payout day or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 06, 2025
  • Cheques and OTM payments accepted during NFO subject to clear funds receipt by deadline
  • Switches accepted during NFO period only if funds received before allotment date
  • Extended trading until midnight on November 03, 2025 for lumpsum purchases only

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on November 06, 2025 for unit allotment
  • For switch transactions, funds must be received before the NFO allotment date (November 06, 2025) to be considered for allotment
  • Members must comply with reporting requirements for cancelled transactions (CC with N flag to RTA/AMC)

Important Dates

  • NFO Start Date: October 20, 2025
  • NFO End Date: November 03, 2025
  • Extended Period End: Midnight on November 03, 2025 (lumpsum purchases only)
  • Tentative Allotment Date: November 06, 2025
  • Clear Funds Deadline: 6:00 PM on November 06, 2025
  • Payment Initiation Deadline: 9:00 AM on T+1 day
  • Pending Transaction Deadline: 3:00 PM on last NFO payout day or T+5, whichever is earlier

Impact Assessment

Market Impact: Low - This is a routine NFO launch that affects only participants interested in investing in the ZERODHA BSE SENSEX INDEX FUND. No broader market implications.

Operational Impact: Low to Medium for BSE StAR MF Platform members - Members handling mutual fund transactions need to be aware of the specific timelines and payment requirements for this NFO, including the extended midnight trading period and strict fund availability deadlines. Failure to meet payment timelines will result in automatic transaction cancellation.

Investor Impact: Low - Provides investment opportunity for investors seeking passive exposure to BSE SENSEX through a direct plan index fund with lower expense ratios.

Impact Justification

Routine NFO launch announcement affecting only mutual fund participants interested in this specific scheme; limited market-wide impact