Description

GROWW Mutual Fund launches GROWW NIFTY MIDCAP 150 INDEX FUND NFO with SIP facility from October 28 to November 11, 2025 on BSE StAR MF platform.

Summary

GROWW Mutual Fund is launching GROWW NIFTY MIDCAP 150 INDEX FUND as a New Fund Offering (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from October 28, 2025 to November 11, 2025, with six plan variants available covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. The tentative allotment date is November 18, 2025.

Key Points

  • Six scheme variants launched: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • NFO period: October 28, 2025 to November 11, 2025
  • Tentative allotment date: November 18, 2025
  • Equity category index fund tracking NIFTY MIDCAP 150
  • Extended trading till midnight on November 11, 2025 for lumpsum purchases only
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on November 13, 2025
  • Cheques and OTM payments accepted subject to clear funds receipt by November 13, 2025
  • Switches accepted during NFO period subject to funds receipt on or before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated fund payments 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 13, 2025 for allotment
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on November 11, 2025
  • Pending transactions without client payment will remain in system till 3:00 PM on last day of funds payout or T+5, whichever is earlier
  • Switch transactions must have funds received on or before allotment date for NFO consideration

Important Dates

  • October 28, 2025: NFO opening date
  • November 11, 2025: NFO closure date (extended till midnight for lumpsum purchases)
  • November 11, 2025 by 3:00 PM: Deadline for SIP/XSIP authentication
  • November 13, 2025 by 6:00 PM: Clear funds deadline in ICCL Account
  • November 18, 2025: Tentative allotment date

Impact Assessment

Low impact notification providing operational details for a new mutual fund scheme launch. Affects BSE StAR MF Platform members and investors interested in mid-cap index fund exposure through GROWW Mutual Fund. Standard NFO procedures apply with specific timelines for fund transfers and allotment. No market-wide implications or regulatory changes.

Impact Justification

Routine NFO launch notification for mutual fund scheme with standard operational procedures for BSE StAR MF platform members