Description

TATA MUTUAL FUND launches TITANIUM HYBRID LONG-SHORT FUND (SIF) NFO from November 24, 2025 to December 08, 2025 on BSE StAR MF Platform with allotment on December 11, 2025.

Summary

BSE announces the launch of New Fund Offer (NFO) for TATA MUTUAL FUND’s TITANIUM HYBRID LONG-SHORT FUND under Specialized Investment Funds (SIF) category. The NFO will be available on BSE StAR MF Platform from November 24, 2025 to December 08, 2025, with tentative allotment on December 11, 2025. Six plan options are available across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment variants.

Key Points

  • TITANIUM HYBRID LONG-SHORT FUND (SIF) NFO opens November 24, 2025 and closes December 08, 2025
  • Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes classified as HYBRID (NC) with unique ISIN codes assigned
  • Tentative allotment date: December 11, 2025
  • NFO extended till midnight on December 08, 2025 for lumpsum purchases
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • Reference made to previous notice 20251113-64 regarding SIF introduction

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for the launch of a new specialized investment fund product under existing SIF framework previously introduced.

Compliance Requirements

  • Members must ensure client-initiated funds by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Clear funds must be available in ICCL Account by 6:00 PM on December 11, 2025 for allotment
  • Pending transactions (with initiated payment) remain in system until 3:00 PM on last day of NFO payout or T+5, whichever is earlier
  • Cheques and OTM payments must result in clear funds in ICCL account by 6:00 PM on December 11, 2025

Important Dates

  • November 24, 2025: NFO opening date
  • December 08, 2025: NFO closing date (extended till midnight for lumpsum purchases)
  • December 11, 2025: Tentative allotment date; clear funds deadline in ICCL Account by 6:00 PM
  • T+1 day 9:00 AM: Deadline for client fund initiation to avoid cancellation
  • T+5 or last NFO payout day 3:00 PM: Pending transaction timeout (whichever is earlier)

Impact Assessment

This circular has limited market-wide impact as it pertains to a single asset management company’s new product launch. The introduction of TITANIUM HYBRID LONG-SHORT FUND adds to the specialized investment fund options available to investors seeking hybrid long-short strategies. BSE members participating in mutual fund distribution will need to familiarize themselves with the NFO timeline and payment requirements. The specialized nature of the SIF category means this offering targets sophisticated investors rather than retail market participants. Operational impact is confined to BSE StAR MF Platform participants handling TATA MUTUAL FUND transactions during the specified NFO period.

Impact Justification

Routine NFO launch announcement for a specialized investment fund with standard procedural details for BSE members; limited market-wide impact as it pertains to a single AMC's new product offering.