Description

CHOICE Mutual Fund launching CHOICE GOLD ETF NFO from October 24 to October 31, 2025 on BSE StAR MF Platform with allotment on November 4, 2025.

Summary

CHOICE Mutual Fund is launching CHOICE GOLD ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open from October 24, 2025 to October 31, 2025, with tentative allotment scheduled for November 4, 2025. The scheme is categorized under DEBT and includes a Direct Plan option.

Key Points

  • CHOICE GOLD ETF - DIRECT PLAN NFO opens on October 24, 2025
  • NFO closes on October 31, 2025 (extended till midnight for lumpsum purchases only)
  • Scheme Category: DEBT
  • Tentative allotment date: November 4, 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
  • Pending transactions with initiated payments remain in system till 3:00 PM on last NFO day or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 3, 2025
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt

Regulatory Changes

No regulatory changes announced. This is a standard NFO launch notification.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on November 3, 2025 for allotment
  • Members must report CC with N flag to RTA/AMC for transactions where clients have not initiated funds
  • Cheques and OTM payments must result in clear funds by the specified deadline

Important Dates

  • October 24, 2025: NFO opening date
  • October 31, 2025: NFO closing date (extended till midnight for lumpsum purchases)
  • November 3, 2025: Clear funds deadline in ICCL Account by 6:00 PM
  • November 4, 2025: Tentative allotment date
  • T+1 day: Funds initiation deadline at 9:00 AM (for each transaction)
  • T+5 or last NFO day: Pending transaction deadline at 3:00 PM, whichever is earlier

Impact Assessment

Market Impact: Low - This is a routine NFO launch for a gold ETF that provides members and investors with an additional investment option in the gold category through the BSE StAR MF Platform.

Operational Impact: Low to Medium for participating members - Members need to manage client fund initiation timelines and ensure compliance with payment deadlines to avoid transaction cancellations. The extended trading hours till midnight on the closing date requires operational awareness.

Investor Impact: Low - Provides investors with a new CHOICE GOLD ETF option for exposure to gold through a debt category scheme via the Direct Plan route.

Impact Justification

Routine NFO launch announcement for a new mutual fund scheme with standard operational procedures for members participating in the BSE StAR MF platform.