Description

GROWW Mutual Fund launching GROWW MONEY MARKET FUND NFO with SIP facility on BSE StAR MF Platform from November 10-17, 2025.

Summary

GROWW Mutual Fund will offer GROWW MONEY MARKET FUND as a New Fund Offering (NFO) with SIP facility on BSE StAR MF Platform from November 10, 2025, to November 17, 2025. The fund includes six scheme variants covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. Tentative allotment date is November 24, 2025.

Key Points

  • Six debt scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes have ISINs assigned ranging from INF666M01MW3 to INF666M01NB5
  • NFO extended till midnight on November 17, 2025, for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with CC and N flag reported to RTA/AMC
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
  • Switches accepted during NFO period subject to funds receipt on or before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated funds 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 19, 2025
  • SIP/XSIP registrations require client authentication before 3:00 PM on NFO closure date (November 17, 2025)
  • Pending transactions will be maintained in system till 3:00 PM on last day of funds payout to AMC or T+5, whichever is earlier
  • For switch transactions, funds must be received on or before allotment date to be considered for NFO allotment

Important Dates

  • November 10, 2025: NFO opening date
  • November 17, 2025: NFO closure date (extended till midnight for lumpsum purchases)
  • November 17, 2025, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • November 19, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
  • November 24, 2025: Tentative allotment date

Impact Assessment

Limited market impact as this is a routine mutual fund NFO launch. Primarily affects BSE StAR MF Platform members and investors interested in money market debt funds. The operational requirements follow standard NFO procedures with specific timelines for fund settlement and transaction processing. No impact on equity markets or listed securities.

Impact Justification

Routine NFO launch announcement for mutual fund platform with standard operational procedures. Limited impact on broader market participants.