Description
UNION Mutual Fund launches UNION CONSUMPTION FUND NFO with SIP facility from December 1-15, 2025, offering 6 plan variants with allotment on December 22, 2025.
Summary
BSE announces the launch of UNION CONSUMPTION FUND NFO on the BSE StAR MF Platform from December 1-15, 2025. The fund offers 6 scheme variants across Regular and Direct plans with Growth, IDCW Reinvestment, and IDCW Payout options. Allotment is scheduled for December 22, 2025, with specific payment and settlement timelines for members.
Key Points
- NFO Period: December 1-15, 2025
- 6 scheme variants available: 3 Regular Plan options and 3 Direct Plan options
- All schemes categorized as EQUITY funds
- Allotment Date: December 22, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on December 22, 2025
- Extended trading till midnight on December 15, 2025 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Pending transactions remain in system till 3:00 PM on last NFO payout day or T+5, whichever is earlier
- Cheques and OTM payments acceptable subject to clear funds by allotment date
- SIP/XSIP registration authentication required before 3:00 PM on NFO closure date
Scheme Details
Regular Plan Options:
- UNION CONSUMPTION FUND - REGULAR PLAN - GROWTH (ISIN: INF582M01MD2)
- UNION CONSUMPTION FUND - REGULAR PLAN - IDCW REINVESTMENT (ISIN: INF582M01MF7)
- UNION CONSUMPTION FUND - REGULAR PLAN - IDCW PAYOUT (ISIN: INF582M01ME0)
Direct Plan Options: 4. UNION CONSUMPTION FUND - DIRECT PLAN - GROWTH (ISIN: INF582M01MH3) 5. UNION CONSUMPTION FUND - DIRECT PLAN - IDCW REINVESTMENT (ISIN: INF582M01MJ9) 6. UNION CONSUMPTION FUND - DIRECT PLAN - IDCW PAYOUT (ISIN: INF582M01MI1)
Compliance Requirements
- Members must ensure client-initiated funds by 9:00 AM on T+1 day to avoid cancellation
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be deposited in ICCL Account by 6:00 PM on December 22, 2025 for allotment
- SIP/XSIP authentication must be completed before 3:00 PM on December 15, 2025
- Switch transactions require funds receipt on or before allotment date for NFO consideration
Important Dates
- NFO Start Date: December 1, 2025
- NFO End Date: December 15, 2025
- Extended Trading (Lumpsum only): Till midnight on December 15, 2025
- SIP/XSIP Authentication Deadline: 3:00 PM on December 15, 2025
- Allotment Date: December 22, 2025
- Clear Funds Deadline: 6:00 PM on December 22, 2025
Payment and Settlement Details
- Transactions without initiated funds by 9:00 AM T+1 will be auto-cancelled
- Pending transactions remain active till 3:00 PM on last payout day or T+5
- Cheques and OTM payments accepted during NFO period
- Switch transactions accepted subject to funds receipt before allotment date
- Late switch funds (post-allotment) will not be considered for NFO allotment
Impact Assessment
This circular has limited market-wide impact as it pertains specifically to mutual fund platform operations. The impact is primarily operational for BSE StAR MF Platform members and beneficial for investors seeking exposure to consumption-themed equity funds. The structured timeline and clear payment requirements ensure orderly NFO processing.
Impact Justification
Standard NFO launch affecting only mutual fund platform participants. Medium importance for MF distributors and investors, low market-wide impact.