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 will offer NAVI NIFTY MIDSMALLCAP 400 INDEX 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 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 (ISIN: INF959L01HS2) and Direct Plan (ISIN: INF959L01HR4), both with Growth option
  • NFO period: November 24, 2025 to December 05, 2025
  • Tentative allotment date: December 09, 2025
  • Extended trading till midnight on December 05, 2025 for lumpsum purchases only
  • Clear funds must be available in ICCL Account by 6:00 PM on December 09, 2025
  • Transactions where client has not initiated funds till 9:00 AM on T+1 day will be cancelled
  • Pending transactions remain in system till 3:00 PM on last day of NFO or T+5, whichever is earlier
  • Cheques and OTM payments acceptable subject to receipt of clear funds by allotment date
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
  • Switches accepted during NFO period subject to receipt of funds on or before allotment date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.

Compliance Requirements

  • Members must ensure transactions are properly processed with client fund initiation by 9:00 AM on T+1 day
  • CC with N flag must be reported to RTA/AMC for cancelled transactions
  • Clear funds must be available in ICCL Account by 6:00 PM on December 09, 2025 for allotment
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on December 05, 2025
  • Switch transactions must have funds received on or before allotment date for consideration

Important Dates

  • November 24, 2025: NFO opening date
  • December 05, 2025: NFO closing date (extended till midnight for lumpsum purchases)
  • December 05, 2025, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • December 09, 2025: Tentative allotment date
  • December 09, 2025, 6:00 PM: Deadline for clear funds in ICCL Account

Impact Assessment

This circular has minimal market impact as it announces a routine mutual fund NFO launch. The impact is limited to:

  • Investors: Provides new investment opportunity in Nifty MidSmallCap 400 Index tracking fund
  • BSE Members: Need to follow standard NFO processing procedures on StAR MF Platform
  • Market Operations: Standard operational announcement with no changes to existing trading procedures

The scheme targets investors interested in passively managed mid and small-cap equity exposure through an index fund structure.

Impact Justification

Routine NFO launch announcement for mutual fund platform with standard operational procedures; affects only mutual fund investors interested in this specific scheme