Description
Bandhan Mutual Fund to offer BANDHAN GOLD ETF - NFO from December 01-03, 2025 on BSE StAR MF Platform with tentative allotment on December 05, 2025.
Summary
Bandhan Mutual Fund is launching BANDHAN GOLD ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from December 01 to December 03, 2025. The scheme will be available in both regular and direct plans under the equity category. The tentative allotment date is December 05, 2025, and clear funds must be available in the ICCL Account by 6:00 PM on December 03, 2025.
Key Points
- NFO period: December 01-03, 2025
- Two schemes offered: BANDHAN GOLD ETF and BANDHAN GOLD ETF - DIRECT PLAN (both equity category)
- Tentative allotment date: December 05, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Transactions with initiated payments remain pending until 3:00 PM on last NFO payment day or T+5, whichever is earlier
- NFO extended till midnight on December 03, 2025 for lumpsum purchases only
- Cheques and OTM payments accepted subject to clear funds receipt by deadline
- Switches 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 transaction cancellation
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Clear funds must be available in ICCL Account by 6:00 PM on December 03, 2025
- Cheques and OTM payments must result in clear funds by the December 03, 2025 deadline
- Switch transactions require funds to be received under NFO scheme before allotment date; funds received on/after allotment date will not be considered
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 on BSE StAR MF Platform
- December 05, 2025: Tentative allotment date
- T+1, 9:00 AM: Deadline for clients to initiate funds (or transaction will be cancelled)
- T+5 or last NFO payment day, 3:00 PM: Pending transaction deadline (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch that provides investors with an additional gold ETF investment option through Bandhan Mutual Fund.
Operational Impact: Low to Medium for BSE StAR MF Platform members - Members need to manage NFO subscriptions, ensure timely fund collection from clients, and adhere to the specified timelines for fund settlement to avoid transaction cancellations and ensure successful allotments for their clients.
Investor Impact: Low - Provides investors with access to a new gold ETF product with both regular and direct plan options during the three-day NFO window.
Impact Justification
Routine NFO launch notification for mutual fund members on BSE StAR MF platform with standard operational procedures and timelines.