Description
Bandhan Mutual Fund launches BANDHAN SILVER ETF New Fund Offer from December 01-03, 2025 on BSE StAR MF Platform with allotment on December 05, 2025.
Summary
Bandhan Mutual Fund is launching BANDHAN SILVER ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open for subscription from December 01, 2025 to December 03, 2025, with tentative allotment scheduled for December 05, 2025. Both regular and direct plan options will be available under the equity category.
Key Points
- NFO subscription period: December 01-03, 2025
- Tentative allotment date: December 05, 2025
- Two schemes available: BANDHAN SILVER ETF and BANDHAN SILVER ETF - DIRECT PLAN (both equity category)
- Extended trading till midnight on December 03, 2025 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- Clear funds must be available in ICCL Account by 6:00 PM on December 03, 2025
- Cheques and OTM payments accepted during NFO period subject to clear funds availability
- Switch transactions accepted during NFO period only if funds received before allotment date
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch notification.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
- Pending transactions will remain in system till 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be credited to ICCL Account by 6:00 PM on December 03, 2025 for unit allotment
- Switch-out scheme funds must be received before December 05, 2025 allotment date
Important Dates
- December 01, 2025: NFO subscription opens
- December 03, 2025: NFO subscription closes (extended till midnight for lumpsum purchases)
- December 03, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
- December 05, 2025: Tentative allotment date
- T+1 day, 9:00 AM: Deadline for client fund initiation
- T+5 or last day of NFO: Pending transaction deadline (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch for a silver ETF product that expands investment options in the commodity ETF segment but does not materially affect broader market operations.
Operational Impact: Low to Medium - BSE StAR MF Platform members need to ensure compliance with fund settlement timelines and inform clients about the NFO opportunity. The extended midnight deadline for lumpsum purchases provides operational flexibility.
Investor Impact: Low - Provides investors with a new silver ETF investment option through both regular and direct plan routes, expanding commodity exposure options in the mutual fund space.
Impact Justification
Routine NFO launch notification for mutual fund segment with standard operational procedures and limited market-wide impact