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
BSE announces the launch of OLD BRIDGE ARBITRAGE FUND - NFO (New Fund Offer) with SIP facility on BSE StAR MF Platform. The NFO will be open from November 06, 2025, to November 10, 2025, offering six plan variants (Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options). Tentative allotment date is November 13, 2025. Clear funds must be available in ICCL Account by 6:00 PM on November 12, 2025.
Key Points
- Six scheme variants available under OLD BRIDGE ARBITRAGE FUND with unique ISINs
- All schemes categorized under Equity segment
- 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 payout or T+5, whichever is earlier
- Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
- NFO extended till midnight on November 10, 2025, for lumpsum purchases only
- Switches accepted during NFO period subject to fund receipt on or before allotment date
- SIP/XSIP registration authentication must be completed before 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform operational procedures.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on November 12, 2025, for allotment
- SIP/XSIP registration authentication must be completed before 3:00 PM on November 10, 2025 (NFO closure date)
- For switch transactions, funds must be received on or before November 13, 2025 (allotment date) to be considered for allotment
- Members must report cancelled transactions with CC and N flag to RTA/AMC
Important Dates
- November 06, 2025: NFO opening date
- November 10, 2025 (3:00 PM): NFO closure for SIP/XSIP authentication
- November 10, 2025 (midnight): Extended deadline for lumpsum purchases only
- November 12, 2025 (6:00 PM): Deadline for clear funds in ICCL Account
- November 13, 2025: Tentative allotment date for all scheme variants
Impact Assessment
Market Impact: Minimal. This is a routine mutual fund NFO launch affecting only mutual fund segment participants on BSE StAR MF Platform.
Operational Impact: Low to medium for mutual fund distributors and members who need to process NFO applications. Standard operational procedures apply with specific timelines for fund settlement and SIP registration.
Investor Impact: Low. Provides new investment opportunity in arbitrage fund category for investors seeking to participate through OLD BRIDGE MUTUAL FUND. Six plan variants offer flexibility for different investor preferences (Regular/Direct, Growth/IDCW options).
Impact Justification
Routine NFO launch announcement for mutual fund scheme with standard operational procedures; limited to mutual fund segment participants