Description
GROWW Mutual Fund launches Groww Nifty Midcap 150 ETF NFO from October 28 to November 11, 2025 on BSE StAR MF Platform with allotment on November 18, 2025.
Summary
GROWW Mutual Fund is launching the Groww Nifty Midcap 150 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from October 28, 2025 to November 11, 2025, with tentative allotment scheduled for November 18, 2025. Both regular and direct plan options will be available for this equity category ETF tracking the Nifty Midcap 150 index.
Key Points
- NFO period: October 28, 2025 to November 11, 2025
- Two scheme variants available: GROWW NIFTY MIDCAP 150 ETF and GROWW NIFTY MIDCAP 150 ETF - DIRECT PLAN
- Tentative allotment date: November 18, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on November 13, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- NFO extended till midnight on November 11, 2025 for lumpsum purchases only
- Cheques and OTM payments acceptable subject to clear funds receipt deadline
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch notification.
Compliance Requirements
- Members must ensure transactions for which clients have not initiated funds till 9:00 AM on T+1 day (including extended period transactions) will be cancelled and reported to RTA/AMC with CC and N flag
- Transactions with initiated payments remain pending till 3:00 PM on the last NFO funds payout day or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on November 13, 2025 for unit allotment
- Cheques and OTM payments must result in clear funds by the November 13 deadline
Important Dates
- October 28, 2025: NFO opening date
- November 11, 2025: NFO closing date (extended till midnight for lumpsum purchases)
- November 13, 2025: Clear funds deadline in ICCL Account (6:00 PM)
- November 18, 2025: Tentative allotment date
Impact Assessment
This NFO launch has limited market impact as it is a routine product introduction in the mutual fund segment. It provides investors with a new passive investment option for midcap exposure through the Nifty Midcap 150 index. The impact is confined to BSE StAR MF Platform members and potential investors interested in midcap ETF products. No changes to existing market operations or trading rules are involved.
Impact Justification
Routine NFO launch announcement for a new ETF product affecting only mutual fund segment participants and investors interested in midcap exposure.