Description

HDFC Mutual Fund launches HDFC BSE India Sector Leaders Index Fund NFO from November 07, 2025 to November 21, 2025 on BSE StAR MF Platform with specific payment and allotment timelines.

Summary

HDFC Mutual Fund will launch HDFC BSE India Sector Leaders Index Fund as a New Fund Offer (NFO) from November 07, 2025 to November 21, 2025 on the BSE StAR MF Platform. The NFO offers both Regular and Direct plan options with Growth variants. Tentative allotment date is November 26, 2025. The NFO period will be extended till midnight on November 21, 2025 for lumpsum purchases only.

Key Points

  • Two plan variants available: Regular Plan - Growth (ISIN: INF179KC1JX8) and Direct Plan - Growth (ISIN: INF179KC1JY6)
  • Both plans categorized under Equity scheme category
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Transactions with initiated payment remain pending till 3:00 PM on last NFO payout day or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 26, 2025
  • Cheques and OTM payments acceptable during NFO period subject to clear fund receipt by allotment date
  • Switches accepted during NFO period only if funds received before allotment date
  • NFO extended till midnight on November 21, 2025 for lumpsum purchases only
  • SIP/XSIP registration authentication required by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes. This is a standard NFO launch notification following existing mutual fund operational procedures on BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
  • CC with N flag must be reported to RTA/AMC for cancelled transactions
  • Clear funds must be available in ICCL Account by 6:00 PM on November 26, 2025 for unit allotment
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on November 21, 2025
  • Switch transactions must have funds received before November 26, 2025 for NFO allotment consideration

Important Dates

  • November 07, 2025: NFO opening date
  • November 21, 2025: NFO closure date (extended till midnight for lumpsum purchases)
  • November 21, 2025, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • November 26, 2025: Tentative allotment date
  • November 26, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • T+1 day, 9:00 AM: Deadline for client fund initiation (post-transaction)

Impact Assessment

Market Impact: Low - This is a new fund offering that provides investors with an additional investment option in the equity index fund category. It does not affect existing securities or market operations.

Operational Impact: Low to Medium - BSE StAR MF Platform members need to be aware of specific timelines for fund collection, payment processing, and SIP registration authentication. The strict deadlines for fund availability (6:00 PM on allotment date) and transaction cancellation rules (9:00 AM T+1) require operational attention but follow standard NFO procedures.

Investor Impact: Low - Investors interested in sector-based index investing gain access to a new fund option tracking BSE India Sector Leaders Index with both regular and direct plan options.

Impact Justification

Routine NFO launch announcement affecting only mutual fund distribution members and investors interested in this specific scheme