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, with six scheme options across regular and direct plans.

Summary

LIC Mutual Fund is launching LIC MF CONSUMPTION FUND as a New Fund Offer (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO will be available from October 31, 2025, to November 14, 2025, offering six scheme variants covering both Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. All schemes fall under the Equity category with a tentative allotment date of November 21, 2025.

Key Points

  • Six scheme variants available: Regular Plan and Direct Plan, each with Growth, IDCW Payout, and IDCW Reinvestment options
  • NFO period: October 31, 2025, to November 14, 2025
  • Tentative allotment date: November 21, 2025
  • Clear funds must be available in ICCL Account by 6:00 PM on November 20, 2025
  • Extended trading hours available until 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 subject to clear funds receipt by November 20, 2025
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
  • Switches accepted during NFO period subject to timely receipt of funds

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated fund payments by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Clear funds must be available in ICCL Account by 6:00 PM on November 20, 2025, for unit allotment
  • SIP/XSIP registrations require client authentication before 3:00 PM on November 14, 2025
  • Switch transactions require funds receipt on or before allotment date for NFO consideration
  • Pending transactions will remain in system until 3:00 PM on last payout day or T+5, whichever is earlier

Important Dates

  • October 31, 2025: NFO opening date
  • November 14, 2025: NFO closing date (3:00 PM for regular transactions; midnight for lumpsum purchases)
  • November 14, 2025, 3:00 PM: Deadline for SIP/XSIP authentication
  • November 20, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • November 21, 2025: Tentative allotment date

Impact Assessment

Market Impact: Low - This is a routine NFO launch for a sector-specific equity mutual fund scheme focused on consumption stocks.

Operational Impact: Low to Medium for BSE StAR MF Platform members who will need to:

  • Process NFO transactions within specified timelines
  • Manage client fund collection and payment initiation deadlines
  • Handle SIP registration authentication before closure
  • Ensure timely fund availability for allotment

Investor Impact: Provides new investment opportunity in consumption-themed equity fund with flexibility of Regular/Direct plans and multiple dividend/growth options. Standard NFO process applies with specific cut-off times for different transaction types.

Impact Justification

Routine NFO launch announcement for mutual fund platform. Standard operational notice affecting only mutual fund distributors and investors interested in new fund offerings.