Description
NAVI Mutual Fund launches NAVI NIFTY MIDSMALLCAP 400 INDEX FUND NFO with SIP facility on BSE StAR MF Platform from November 24 to December 05, 2025.
Summary
NAVI Mutual Fund is launching the NAVI NIFTY MIDSMALLCAP 400 INDEX FUND as a New Fund Offering (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO period runs from November 24, 2025, to December 05, 2025, with both Regular and Direct plan options available. The tentative allotment date is December 09, 2025.
Key Points
- Two plan options available: Regular Plan - Growth (ISIN: INF959L01HS2) and Direct Plan - Growth (ISIN: INF959L01HR4)
- Both plans categorized as Equity schemes
- Tentative allotment date: December 09, 2025
- NFO extended till midnight on December 05, 2025, only for lumpsum purchases
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled with CC N flag reported to RTA/AMC
- Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
- Switches accepted during NFO period subject to fund receipt on or before allotment date
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement.
Compliance Requirements
- Members must ensure transactions have client-initiated funds by 9:00 AM on T+1 day to avoid cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on December 09, 2025
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on December 05, 2025 (NFO closure date)
- For switches, funds for switch-out scheme must be received on or before the NFO allotment date; funds received after will not be considered for allotment
- Pending transactions will remain in system until 3:00 PM on the last day of making funds payout to AMC or T+5, whichever is earlier
Important Dates
- NFO Start Date: November 24, 2025
- NFO End Date: December 05, 2025
- Extended Period for Lumpsum: Till midnight on December 05, 2025
- SIP/XSIP Authentication Deadline: 3:00 PM on December 05, 2025
- Tentative Allotment Date: December 09, 2025
- Clear Funds Deadline: 6:00 PM on December 09, 2025
Impact Assessment
This circular has minimal market impact as it announces a routine NFO launch for a mutual fund scheme tracking the NIFTY MIDSMALLCAP 400 Index. The impact is limited to:
- BSE StAR MF Platform members who facilitate mutual fund transactions
- Investors interested in mid and small-cap index funds through NAVI Mutual Fund
- No direct impact on stock market trading or listed securities
The operational impact involves adherence to specified timelines for fund transfers, transaction authentication, and settlement procedures during the NFO period.
Impact Justification
Routine NFO launch announcement for mutual fund scheme with standard subscription procedures; impacts only mutual fund platform participants