Description

LIC Mutual Fund launching LIC MF Consumption Fund NFO with SIP facility from October 31 to November 14, 2025 on BSE StAR MF Platform with six plan options.

Summary

LIC Mutual Fund is launching the 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 open from October 31, 2025 to November 14, 2025, offering six plan variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes categorized as EQUITY with unique ISINs assigned
  • Tentative allotment date: November 21, 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 during NFO period subject to fund clearance requirements
  • Switches accepted during NFO period with specific conditions

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on November 20, 2025
  • Transactions pending client fund initiation must be monitored - those without funds by 9:00 AM on T+1 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)
  • Cheque and OTM payments must result in clear funds in ICCL account by 6:00 PM on November 20, 2025 for unit allotment
  • Switch transactions subject to fund receipt timing - funds received after NFO allotment date will not be considered for allotment

Important Dates

  • October 31, 2025: NFO opens
  • November 14, 2025: NFO closes at 3:00 PM (regular); Extended until midnight for lumpsum purchases only
  • November 14, 2025 by 3:00 PM: Deadline for SIP/XSIP registration authentication
  • November 20, 2025 by 6:00 PM: Clear funds must be available in ICCL Account
  • November 21, 2025: Tentative allotment date
  • T+1 by 9:00 AM: Deadline for client fund initiation (or transaction cancelled)
  • T+5 or last NFO payout day by 3:00 PM: Pending transaction timeout (whichever is earlier)

Impact Assessment

Market Impact: Low - This is a routine mutual fund NFO launch that provides investors with a new equity investment option focused on the consumption theme.

Operational Impact: Low to Medium for BSE members - Standard NFO operational procedures apply with specific attention required for:

  • Fund collection and clearance timelines
  • Transaction cancellation protocols for unfunded orders
  • Extended trading hours for lumpsum purchases
  • SIP registration authentication deadlines
  • Switch transaction fund receipt timing

Investor Impact: Positive - Provides additional investment options in the equity consumption sector through LIC Mutual Fund with flexibility of Regular/Direct plans and various payout options.

Impact Justification

Routine NFO launch notification for mutual fund platform with standard procedures and timelines.