Description

NIPPON INDIA Mutual Fund will offer NIPPON INDIA QUARTERLY INTERVAL FUND - SERIES II for Specified Transaction Period from November 07-10, 2025 on BSE StAR MF Platform with specific payment restrictions.

Summary

NIPPON INDIA Mutual Fund is activating NIPPON INDIA QUARTERLY INTERVAL FUND - SERIES II on the BSE StAR MF Platform for a Specified Transaction Period (STP) from November 07-10, 2025. The fund offers six plan variants across IDCW (payout and reinvestment) and Growth options in both regular and direct plans. Important payment restrictions apply during this period - MICR Cheque, Nodal and OTM payments will not be accepted, and clear funds must be received before 2:30pm on transaction dates to avoid rejection.

Key Points

  • Transaction period (Subscription/Redemption): November 07-10, 2025
  • Six scheme variants available: IDCW Payout, IDCW Reinvestment, Growth (each in Regular and Direct plans)
  • All schemes categorized as DEBT funds
  • Transaction requests accepted during normal business hours within STP period
  • NAV application based on cut-off timing and date/time of transaction receipt
  • Subject to fund confirmation uploaded/received
  • Specific ISINs assigned for each plan variant

Regulatory Changes

No regulatory changes introduced. This is an operational activation notice for a new interval fund series.

Compliance Requirements

  • Members must not accept MICR Cheque, Nodal, or OTM payments for this fund from November 07-10, 2025
  • Clear funds must be received by the Exchange before 2:30pm on transaction dates
  • Funds received after 2:30pm or without clear status will be refunded to investors after AMC/RTA rejection
  • Transaction requests must adhere to scheme cut-off times available on BSE StAR MF platform

Important Dates

  • November 07, 2025: STP opening date - start of transaction period
  • November 10, 2025: STP closing date - end of transaction period
  • Daily 2:30pm deadline: Cut-off for clear funds receipt during STP period

Impact Assessment

Operational Impact: Medium - Affects mutual fund distributors and investors interested in interval funds. The restricted payment methods (no MICR Cheque, Nodal, OTM) require advance planning for payment modes.

Market Impact: Low - Limited to specific interval fund transactions during a 4-day window. Does not affect broader market operations.

Investor Impact: Medium - Investors must use approved payment methods and ensure funds clear by 2:30pm daily to avoid rejection and refund delays. The short transaction window (4 days) requires timely action for those interested in subscribing.

Fund Schemes Details:

  1. INF204K01DO3 - IDCW PLAN - PAYOUT
  2. INF204K01DP0 - IDCW PLAN - REINVESTMENT
  3. INF204K01DN5 - GROWTH PLAN
  4. INF204K01F46 - DIRECT IDCW PLAN - PAYOUT
  5. INF204K01F53 - DIRECT IDCW PLAN - REINVESTMENT
  6. INF204K01F61 - DIRECT PLAN - GROWTH

Impact Justification

Medium importance as it affects mutual fund trading operations for a specific interval fund with limited transaction window and payment restrictions that impact investors and distributors.