Description
Bandhan Mutual Fund launching BANDHAN SILVER ETF - NFO on BSE StAR MF Platform from December 01-03, 2025, with specific payment and allotment guidelines.
Summary
Bandhan Mutual Fund is launching BANDHAN SILVER ETF New Fund Offer (NFO) on BSE StAR MF Platform from December 01-03, 2025. The scheme includes both regular and direct plans with tentative allotment on December 05, 2025. Members must ensure clear funds are available in ICCL Account by 6:00 PM on December 03, 2025, with specific timelines for payment initiation and cancellation.
Key Points
- Two schemes offered: BANDHAN SILVER ETF and BANDHAN SILVER ETF - DIRECT PLAN (both under EQUITY category)
- NFO period: December 01-03, 2025
- Tentative allotment date: December 05, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with N flag reported to RTA/AMC
- Pending transactions remain in system till 3:00 PM on last day of funds payout or T+5, whichever is earlier
- NFO extended till midnight on December 03, 2025, for lumpsum purchases only
- Cheques and OTM payments acceptable during NFO period
- Switches accepted during NFO period subject to fund receipt before allotment date
Regulatory Changes
No regulatory changes. This is a standard NFO launch notification.
Compliance Requirements
- Members must ensure clear funds availability in ICCL Account by 6:00 PM on December 03, 2025
- Client must initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- For switches, funds must be received before NFO allotment date (December 05, 2025) for consideration
- Cancelled transactions (CC with N flag) must be reported to RTA/AMC
Important Dates
- December 01, 2025: NFO opening date
- December 03, 2025: NFO closing date
- December 03, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
- December 03, 2025, midnight: Extended deadline for lumpsum purchases
- December 05, 2025: Tentative allotment date
- T+1, 9:00 AM: Deadline for client fund initiation (to avoid cancellation)
- T+5 or last payout day, 3:00 PM: Pending transaction expiry (whichever is earlier)
Impact Assessment
Market Impact: Minimal. This is a routine NFO launch for a silver ETF that expands investment options in the precious metals category.
Operational Impact: Low to medium for BSE StAR MF Platform participants who need to:
- Process NFO subscriptions during the 3-day window
- Monitor payment timelines and fund availability
- Handle potential transaction cancellations for non-payment
- Manage switch requests within specified timeframes
Investor Impact: Provides new investment opportunity in silver through ETF route for investors interested in precious metals exposure with both regular and direct plan options.
Impact Justification
Routine NFO launch notification for a new ETF scheme affecting only mutual fund segment participants with standard operational procedures