Description

ITI Mutual Fund launches DIVINITI EQUITY LONG SHORT FUND as a Specialized Investment Fund (SIF) NFO with SIP facility on BSE StAR MF Platform from November 10-24, 2025.

Summary

BSE announces the launch of DIVINITI EQUITY LONG SHORT FUND, a Specialized Investment Fund (SIF) offered by ITI Mutual Fund on the BSE StAR MF Platform. The NFO will be available with SIP facility from November 10, 2025, to November 24, 2025, with a tentative allotment date of December 01, 2025. The scheme offers six plan variants including Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • NFO Period: November 10, 2025, to November 24, 2025
  • Scheme: DIVINITI EQUITY LONG SHORT FUND (Equity Category)
  • Six plan variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • Tentative allotment date: December 01, 2025
  • Extended hours available till midnight on November 24, 2025, for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on November 28, 2025
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date

Regulatory Changes

This circular references the introduction of Specialized Investment Funds (SIF) framework previously communicated via notice number 20251106-49. The SIF category represents a distinct mutual fund structure for specialized investment strategies.

Compliance Requirements

  • Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid cancellation
  • Transactions with pending client payments will remain in the system until 3:00 PM on the last day of AMC payout or T+5, whichever is earlier
  • Clear funds must be deposited in ICCL Account by 6:00 PM on November 28, 2025, for unit allotment
  • SIP/XSIP registration authentication must be completed by 3:00 PM on November 24, 2025
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag

Important Dates

  • November 10, 2025: NFO opens
  • November 24, 2025: NFO closes at 3:00 PM (SIP authentication deadline); Extended till midnight for lumpsum purchases
  • November 28, 2025: Clear funds deadline in ICCL Account by 6:00 PM
  • December 01, 2025: Tentative allotment date

Impact Assessment

This is a routine mutual fund NFO launch with limited market impact. It provides investors access to a new equity long-short strategy through the SIF structure. The circular primarily affects mutual fund distributors, brokers using BSE StAR MF Platform, and investors interested in alternative equity strategies. The specialized nature of the fund may attract sophisticated investors looking for market-neutral or hedge fund-like strategies within the mutual fund framework. No impact on equity markets or specific stock prices.

Impact Justification

Routine NFO launch for a mutual fund scheme with standard operational details; affects only mutual fund distributors and investors interested in the specific SIF scheme.