Description

HDFC Mutual Fund launches HDFC BSE India Sector Leaders Index Fund with NFO period from November 07-21, 2025, offering Regular and Direct plans with SIP facility on BSE StAR MF platform.

Summary

HDFC Mutual Fund is launching HDFC BSE India Sector Leaders Index Fund as a New Fund Offer (NFO) on the BSE StAR MF Platform from November 07, 2025 to November 21, 2025. The scheme will be available in both Regular and Direct plans with growth options. The tentative allotment date is November 26, 2025. Members must ensure clear funds are available in ICCL Account by 6:00 PM on the allotment date.

Key Points

  • NFO offers two plan variants: Regular Plan (ISIN: INF179KC1JX8) and Direct Plan (ISIN: INF179KC1JY6)
  • Both plans classified as EQUITY category index funds
  • SIP facility available during NFO period
  • Extended trading hours till midnight on November 21, 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
  • Switch transactions accepted during NFO period with specific fund receipt requirements

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

For Members:

  • Ensure clear funds availability in ICCL Account by 6:00 PM on November 26, 2025
  • Report cancelled transactions (CC with N flag) to RTA/AMC for non-initiated payments
  • Complete SIP/XSIP registration authentication by clients before 3:00 PM on NFO closure date (November 21, 2025)

Payment Processing:

  • Client must initiate funds by 9:00 AM on T+1 day (including extended NFO period transactions)
  • Pending transactions will remain in system till 3:00 PM on last day of fund payout or T+5, whichever is earlier
  • Cheques and OTM payments must result in clear funds by 6:00 PM on allotment date

Switch Transactions:

  • Funds for switch out scheme must be received before NFO allotment date
  • Funds received on or after allotment date will not be considered for allotment

Important Dates

  • NFO Start Date: November 07, 2025
  • NFO End Date: November 21, 2025
  • Extended Trading (Lumpsum only): Till midnight on November 21, 2025
  • SIP Authentication Deadline: 3:00 PM on November 21, 2025
  • Tentative Allotment Date: November 26, 2025
  • Clear Funds Deadline: 6:00 PM on November 26, 2025

Impact Assessment

Market Impact: Low - Standard NFO launch with no impact on existing securities or market structure.

Operational Impact: Low to Medium for participating members who need to:

  • Process NFO orders during the 15-day subscription period
  • Manage extended trading hours for lumpsum transactions
  • Ensure timely fund settlement to meet allotment requirements
  • Handle SIP authentication within specified timelines

Investor Impact: Provides new investment opportunity in sector leaders through index fund exposure with both regular and direct plan options at lower cost structure.

Impact Justification

Standard NFO launch notification for mutual fund members; operational in nature with no regulatory changes or broad market impact