Description

HDFC Mutual Fund launching new index fund NFO from November 7-21, 2025 with specific payment and allotment timelines 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 7, 2025 to November 21, 2025. The scheme offers both Regular and Direct plans with Growth option. Tentative allotment date is November 26, 2025. Members must ensure clear funds availability in ICCL Account by 6:00 PM on allotment date.

Key Points

  • NFO period: November 7-21, 2025 (extended till midnight on Nov 21 for lumpsum purchases only)
  • Two plan options: Regular Plan - Growth (ISIN: INF179KC1JX8) and Direct Plan - Growth (ISIN: INF179KC1JY6)
  • Scheme category: Equity
  • Tentative allotment date: November 26, 2025 (immediate allotment)
  • 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 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 accepted during NFO period subject to clear funds receipt by deadline
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
  • Switch transactions accepted during NFO period only if funds received before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clients initiate fund payments by 9:00 AM on T+1 day to avoid cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Members must ensure clear funds availability in ICCL Account by 6:00 PM on November 26, 2025 for allotment
  • SIP/XSIP authentication must be completed by clients before 3:00 PM on November 21, 2025
  • Switch-out funds must be received before allotment date for NFO allotment eligibility

Important Dates

  • November 7, 2025: NFO opening date
  • November 21, 2025: NFO closure date (3:00 PM for regular transactions; extended till midnight for lumpsum only)
  • November 21, 2025, 3:00 PM: Deadline for SIP/XSIP authentication
  • November 26, 2025: Tentative allotment date
  • November 26, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • T+1, 9:00 AM: Deadline for client fund initiation (post-transaction)
  • T+5 or last payout day, 3:00 PM: Pending transaction retention deadline

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch adding a new index fund product to the mutual fund platform. The fund tracks BSE India Sector Leaders Index, providing investors another passive investment option in the equity segment.

Operational Impact: Low to medium for BSE StAR MF platform members. Members need to ensure compliance with payment timelines and client authentication requirements. The immediate allotment schedule (November 26) requires efficient fund management and coordination with clients to meet the 6:00 PM deadline for clear funds.

Investor Impact: Positive for investors seeking exposure to sector leader companies through an index fund approach. Both regular and direct plans available with growth option. SIP facility provides systematic investment opportunity.

Impact Justification

Routine NFO launch announcement for mutual fund distribution platform with standard operational procedures and timelines.