Description

GROWW Mutual Fund launching Groww Nifty Midcap 150 ETF NFO from October 28 to November 11, 2025 on BSE StAR MF Platform with tentative 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 a tentative allotment date of November 18, 2025. The scheme includes both regular and direct plan options. Members must ensure clear funds are available in ICCL Account by 6:00 PM on November 13, 2025 for unit allotment.

Key Points

  • GROWW Mutual Fund offering Groww Nifty Midcap 150 ETF in both regular and direct plan variants
  • Both schemes categorized as EQUITY schemes
  • NFO extended till midnight on November 11, 2025 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Members must ensure transactions have client-initiated funds by 9:00 AM on T+1 day to avoid cancellation
  • Transactions with initiated payment remain pending until 3:00 PM on last day of funds pay-out to AMC or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 13, 2025 for allotment
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag

Important Dates

  • October 28, 2025: NFO opening date
  • November 11, 2025: NFO closing date (extended till midnight for lumpsum purchases)
  • November 13, 2025: Deadline for clear funds in ICCL Account by 6:00 PM
  • November 18, 2025: Tentative allotment date

Impact Assessment

This is a routine NFO launch notification with minimal market impact. It provides BSE members and investors with an additional ETF investment option tracking the Nifty Midcap 150 index. The operational procedures outlined are standard for NFO processing on the BSE StAR MF Platform. Impact is limited to members and investors interested in participating in this specific ETF offering.

Impact Justification

Standard NFO launch notification for ETF scheme with administrative procedures for BSE members