Description
LIC Mutual Fund launches LIC MF Consumption Fund NFO with SIP facility on BSE StAR MF Platform from October 31 to November 14, 2025, offering six plan options across regular and direct categories.
Summary
BSE announces the launch of LIC MF Consumption Fund NFO on BSE StAR MF Platform with SIP facility. The NFO will be available from October 31, 2025, to November 14, 2025, offering six plan variants including regular and direct plans with growth, IDCW payout, and IDCW reinvestment options. The tentative allotment date is November 21, 2025.
Key Points
- NFO period: October 31, 2025 to November 14, 2025
- Six scheme options available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
- All schemes categorized as EQUITY funds
- Tentative allotment date: November 21, 2025
- Extended trading available till midnight on November 14, 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
- Switches accepted during NFO period subject to fund receipt conditions
Scheme Details
| Sr. No | Scheme Name | ISIN | Plan Type |
|---|---|---|---|
| 1 | LIC MF Consumption Fund - Regular Plan - Growth | INF767K01SA6 | Regular/Growth |
| 2 | LIC MF Consumption Fund - Regular Plan - IDCW Payout | INF767K01SC2 | Regular/IDCW |
| 3 | LIC MF Consumption Fund - Regular Plan - IDCW Reinvestment | INF767K01SB4 | Regular/IDCW |
| 4 | LIC MF Consumption Fund - Direct Plan - IDCW Payout | INF767K01SF5 | Direct/IDCW |
| 5 | LIC MF Consumption Fund - Direct Plan - IDCW Reinvestment | INF767K01SE8 | Direct/IDCW |
| 6 | LIC MF Consumption Fund - Direct Plan - Growth | INF767K01SD0 | Direct/Growth |
Compliance Requirements
- Members must ensure clear funds are available in ICCL Account by 6:00 PM on November 20, 2025 for allotment
- Transactions pending beyond 3:00 PM on the last day of funds payout to AMC for NFO or T+5 (whichever is earlier) will be handled per system rules
- Transactions without client-initiated funds by 9:00 AM on T+1 (including extended period transactions) will be cancelled and reported to RTA/AMC with CC and N flag
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date (November 14, 2025)
- Switch transactions require funds to be received on or before allotment date for NFO consideration
Important Dates
- NFO Start Date: October 31, 2025
- NFO End Date: November 14, 2025
- Extended Trading Deadline: Midnight, November 14, 2025 (lumpsum only)
- SIP/XSIP Authentication Deadline: 3:00 PM, November 14, 2025
- Clear Funds Deadline: 6:00 PM, November 20, 2025
- Tentative Allotment Date: November 21, 2025
- Transaction Cancellation Timeline: 9:00 AM on T+1 for unfunded transactions
- Pending Transaction Deadline: 3:00 PM on last payout day or T+5 (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a standard new fund offering announcement that provides investment opportunities to mutual fund investors through BSE’s platform. The consumption-focused equity fund adds to the product suite available to investors.
Operational Impact: Low to Medium for BSE StAR MF Platform members - Members need to ensure compliance with the specified timelines for fund collection, transaction processing, and client authentication. The extended trading hours and specific cut-off times require operational coordination.
Investor Impact: Positive - Investors gain access to a new equity investment option focused on consumption themes, with flexibility to choose between regular/direct plans and various payout options.
Impact Justification
Routine announcement of new fund offering launch with standard operational procedures for mutual fund platform participants