Description
GROWW Mutual Fund will offer GROWW MONEY MARKET FUND NFO with SIP facility from November 10-17, 2025 on BSE StAR MF Platform with tentative allotment on November 24, 2025.
Summary
GROWW Mutual Fund is launching GROWW MONEY MARKET FUND as a New Fund Offer (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO period runs from November 10-17, 2025, with tentative allotment on November 24, 2025. The scheme offers six variants covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options under the debt category.
Key Points
- NFO period: November 10-17, 2025
- Tentative allotment date: November 24, 2025
- Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
- All variants are debt category money market funds
- SIP facility available during NFO period
- Cheques and OTM payments acceptable subject to clear funds by November 19, 2025 at 6:00 PM
- NFO extended till midnight on November 17, 2025 for lumpsum purchases only
- Switch transactions accepted during NFO period
Scheme Details
| Sr. No. | Scheme Name | Scheme Category | ISIN | Tentative Allotment Date |
|---|---|---|---|---|
| 1 | GROWW MONEY MARKET FUND - REGULAR PLAN - GROWTH | DEBT | INF666M01MZ6 | 24-Nov-25 |
| 2 | GROWW MONEY MARKET FUND - REGULAR PLAN - IDCW PAYOUT | DEBT | INF666M01NA7 | 24-Nov-25 |
| 3 | GROWW MONEY MARKET FUND - REGULAR PLAN - IDCW REINVESTMENT | DEBT | INF666M01NB5 | 24-Nov-25 |
| 4 | GROWW MONEY MARKET FUND - DIRECT PLAN - GROWTH | DEBT | INF666M01MW3 | 24-Nov-25 |
| 5 | GROWW MONEY MARKET FUND - DIRECT PLAN - IDCW PAYOUT | DEBT | INF666M01MX1 | 24-Nov-25 |
| 6 | GROWW MONEY MARKET FUND - DIRECT PLAN - IDCW REINVESTMENT | DEBT | INF666M01MY9 | 24-Nov-25 |
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Transaction Cancellation: Transactions for which clients have not initiated funds till 9:00 AM on T+1 day (including extended NFO period transactions) will be cancelled and CC with N flag will be reported to RTA/AMC
- Payment Pending: Transactions with initiated client payments will remain pending until 3:00 PM on the last day of making funds payout to AMC for the NFO or T+5, whichever is earlier
- Clear Funds Deadline: Clear funds must be available in ICCL Account by 6:00 PM on November 19, 2025
- SIP/XSIP Authentication: Client authentication for SIP/XSIP registrations must be completed before 3:00 PM on NFO closure date (November 17, 2025)
- Switch Transactions: Funds for switch-out schemes must be received on or before the allotment date (November 24, 2025) to be considered for allotment
Important Dates
- November 10, 2025: NFO opening date
- November 17, 2025: NFO closing date (3:00 PM for SIP/XSIP authentication; midnight for lumpsum purchases)
- November 19, 2025: Clear funds deadline in ICCL Account (6:00 PM)
- November 24, 2025: Tentative allotment date
Impact Assessment
Market Impact: Low - This is a routine NFO launch that expands product offerings on the BSE StAR MF Platform without affecting existing market operations.
Operational Impact: Low to Medium for BSE StAR MF Platform members who need to:
- Process NFO transactions during the specified period
- Ensure client fund transfers meet the specified deadlines
- Handle SIP/XSIP registrations with proper authentication before cutoff time
- Manage switch transactions with attention to fund receipt timing
Investor Impact: Low - Provides additional investment option in the debt/money market category for investors seeking short-term debt instruments through both Regular and Direct plan routes with multiple payout options.
Impact Justification
Routine NFO launch announcement for mutual fund scheme with standard operational procedures; affects only mutual fund investors and BSE StAR MF platform members