Description

CHOICE Mutual Fund launches CHOICE GOLD ETF NFO on BSE StAR MF Platform from October 24-31, 2025, 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 a tentative allotment date of November 4, 2025. The scheme is categorized as DEBT under the Direct Plan. Members must ensure clear funds are available in ICCL Account by 6:00 PM on November 3, 2025, for successful allotment.

Key Points

  • CHOICE GOLD ETF - DIRECT PLAN will be available for subscription from October 24-31, 2025
  • Scheme is categorized as DEBT
  • Tentative allotment date: November 4, 2025
  • NFO extended till midnight on October 31, 2025, for lumpsum purchases only
  • 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 are acceptable during NFO period

Regulatory Changes

No regulatory changes introduced. 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
  • Transactions with client-initiated payment will remain pending till 3:00 PM on the last day of funds pay-out to AMC or T+5, whichever is earlier
  • Members must process cheques and OTM payments to ensure clear funds receipt 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: Deadline for clear funds in ICCL Account (by 6:00 PM)
  • November 4, 2025: Tentative allotment date
  • T+1 day at 9:00 AM: Deadline for client fund initiation (post-transaction)
  • T+5 or last pay-out day at 3:00 PM: Pending transaction deadline

Impact Assessment

This circular has minimal market impact as it announces a routine NFO launch. It affects only BSE StAR MF Platform members and their clients interested in gold ETF investments through CHOICE Mutual Fund. The operational requirements are standard for NFO processing, with clear timelines for fund settlement and allotment. Members need to ensure proper communication with clients regarding payment deadlines to avoid transaction cancellations.

Impact Justification

Routine NFO launch notification for a new mutual fund scheme with standard operational procedures and timelines.