Description

DSP Mutual Fund launches DSP NIFTY MIDCAP 150 ETF NFO from November 24 to December 8, 2025, with allotment on December 12, 2025.

Summary

DSP Mutual Fund will offer DSP NIFTY MIDCAP 150 ETF as a New Fund Offering (NFO) on the BSE StAR MF Platform from November 24, 2025, to December 08, 2025. The scheme is available in both regular and direct plans under the equity category, with tentative allotment scheduled for December 12, 2025.

Key Points

  • Two schemes available: DSP NIFTY MIDCAP 150 ETF (Regular) and DSP NIFTY MIDCAP 150 ETF - DIRECT PLAN
  • Both schemes categorized as Equity with tentative allotment date of December 12, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled and reported to RTA/AMC with N flag
  • Transactions with initiated payments remain pending until 3:00 PM on last NFO payout day or T+5, whichever is earlier
  • NFO extended till midnight on December 08, 2025, for lumpsum purchases only
  • Cheque and OTM payments accepted during NFO period

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on December 11, 2025
  • Transactions without fund initiation by 9:00 AM on T+1 day must be cancelled and reported with CC N flag to RTA/AMC
  • Cheques and OTM payments must result in clear funds in ICCL account by 6:00 PM on December 11, 2025, for unit allotment

Important Dates

  • NFO Start Date: November 24, 2025
  • NFO End Date: December 08, 2025 (extended till midnight for lumpsum purchases)
  • Clear Funds Deadline: December 11, 2025, by 6:00 PM
  • Tentative Allotment Date: December 12, 2025
  • Transaction Cancellation Timeline: T+1 day by 9:00 AM for non-initiated fund transactions
  • Pending Transaction Deadline: 3:00 PM on last NFO payout day or T+5, whichever is earlier

Impact Assessment

Low market impact. This is a routine NFO launch for a passive ETF tracking the NIFTY MIDCAP 150 index. It provides investment opportunities for market participants interested in midcap equity exposure through ETF route on the BSE StAR MF Platform. The circular primarily affects BSE members and investors participating in mutual fund transactions through the platform, with no broader market implications.

Impact Justification

Routine NFO launch notification for mutual fund platform with standard operational procedures