Description
Old Bridge Mutual Fund launches Old Bridge Arbitrage Fund NFO with SIP facility on BSE StAR MF platform from November 06-10, 2025, with tentative allotment on November 13, 2025.
Summary
Old Bridge Mutual Fund will offer Old Bridge Arbitrage Fund NFO with SIP facility on BSE StAR MF Platform from November 06, 2025, to November 10, 2025. The NFO includes six scheme variants (Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options). Tentative allotment date is November 13, 2025, with clear funds required in ICCL Account by 6:00 PM on November 12, 2025.
Key Points
- NFO period: November 06-10, 2025
- Six scheme variants available under Equity category with designated ISINs
- Extended trading hours till midnight on November 10, 2025, for lumpsum purchases only
- SIP/XSIP registration authentication deadline: 3:00 PM on NFO closure date
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Pending transactions remain in system till 3:00 PM on last day of NFO or T+5, whichever is earlier
- Cheques and OTM payments accepted during NFO period subject to clear funds receipt
- Switches accepted during NFO period only if funds received before allotment date
Scheme Details
Old Bridge Arbitrage Fund Variants:
- Regular Plan - Growth (INF0S5R01091)
- Regular Plan - IDCW Payout (INF0S5R01109)
- Regular Plan - IDCW Reinvestment (INF0S5R01117)
- Direct Plan - Growth (INF0S5R01125)
- Direct Plan - IDCW Payout (INF0S5R01075)
- Direct Plan - IDCW Reinvestment (INF0S5R01083)
All variants categorized under Equity with tentative allotment on November 13, 2025.
Compliance Requirements
For Members:
- Ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- Report CC with N flag to RTA/AMC for cancelled transactions
- Complete SIP/XSIP registration authentication before 3:00 PM on November 10, 2025
- Ensure clear funds available in ICCL Account by 6:00 PM on November 12, 2025
- Process cheques and OTM payments to ensure clear funds receipt by deadline
- For switches, ensure funds under switch-out scheme received before November 13, 2025, allotment date
Important Dates
- November 06, 2025: NFO opening date
- November 10, 2025: NFO closure date (3:00 PM for SIP; midnight for lumpsum)
- November 12, 2025: Clear funds deadline in ICCL Account (6:00 PM)
- November 13, 2025: Tentative allotment date
- T+1 day: Fund initiation deadline (9:00 AM)
- T+5 or last NFO payout day: Pending transaction system retention deadline (3:00 PM)
Impact Assessment
Operational Impact: This NFO launch has minimal market-wide impact and is primarily operational information for BSE StAR MF platform members. Members need to coordinate payment processing and client fund initiation within specified timelines to ensure successful NFO allotment.
Market Impact: Limited to mutual fund distribution channels and investors interested in arbitrage fund strategies. No direct impact on equity markets or broader trading operations.
Processing Requirements: Members must manage multiple cutoff times (9:00 AM for fund initiation, 3:00 PM for SIP authentication, 6:00 PM for clear funds, midnight for extended lumpsum trading) requiring coordination across different operational teams.
Impact Justification
Routine NFO launch announcement for mutual fund scheme, primarily informational for BSE StAR MF platform members with no broader market impact