Description

CHOICE MUTUAL FUND activated on BSE StAR MF Platform effective October 23, 2025, with NRI and Minor client transaction support and country restrictions.

Summary

CHOICE MUTUAL FUND has been activated on the BSE StAR MF Platform effective October 23, 2025. The AMC permits transactions for NRI and Minor clients through the platform, with specific country restrictions for NRI applications. Additionally, CHOICE GOLD ETF - NFO schemes will be activated for order routing starting October 24, 2025.

Key Points

  • CHOICE MUTUAL FUND activated on BSE StAR MF Platform from October 23, 2025
  • NRI and Minor client transactions accepted under CHOICE Mutual Fund schemes
  • Three countries restricted from NRI applications: North Korea, Iran, and Myanmar
  • CHOICE GOLD ETF - NFO schemes to be activated October 24, 2025
  • Standard platform integration for new AMC member

Regulatory Changes

No regulatory changes. This is an operational update regarding platform activation for a new mutual fund.

Compliance Requirements

  • Members must verify investor country of residence for NRI clients
  • Applications from North Korea (Democratic People’s Republic Of Korea), Iran, and Myanmar must not be accepted
  • Compliance with AMC-specified restrictions on client categories

Important Dates

  • October 23, 2025: CHOICE MUTUAL FUND activation on BSE StAR MF Platform
  • October 24, 2025: CHOICE GOLD ETF - NFO schemes activation for order routing

Impact Assessment

Market Impact: Low - Addition of new mutual fund to existing platform expands investment options but represents routine platform expansion.

Operational Impact: Low - Members need to update systems to include new AMC and apply country restrictions for NRI clients. Standard onboarding process for mutual fund platforms.

Investor Impact: Positive for investors seeking exposure to CHOICE Mutual Fund schemes, particularly the upcoming Gold ETF NFO. NRI investors from most countries can participate except three restricted nations.

Impact Justification

Operational update regarding new mutual fund availability on platform with standard NRI investment restrictions