Description
Bandhan Mutual Fund launches BANDHAN GOLD ETF New Fund Offer (NFO) on BSE StAR MF Platform from December 01-03, 2025, with specific fund settlement requirements and allotment procedures.
Summary
BSE announces the launch of BANDHAN GOLD ETF New Fund Offer by Bandhan Mutual Fund on the BSE StAR MF Platform. The NFO will be open from December 01-03, 2025, for both regular and direct plans, with tentative allotment scheduled for December 05, 2025. Members must ensure clear funds are available in ICCL Account by 6:00 PM on December 03, 2025. The NFO will be extended until midnight on December 03, 2025, exclusively for lumpsum purchases.
Key Points
- Two schemes offered: BANDHAN GOLD ETF (Regular) and BANDHAN GOLD 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 with initiated payments remain in system until 3:00 PM on last NFO payout date or T+5, whichever is earlier
- Extended trading hours until midnight on December 03, 2025, for lumpsum purchases only
- Cheques and OTM payments accepted subject to clear funds receipt
- Switch transactions accepted during NFO period with specific fund receipt conditions
Regulatory Changes
No regulatory changes introduced. This is a new product launch announcement following existing BSE StAR MF Platform operational procedures.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on December 03, 2025, for allotment eligibility
- Transactions without timely fund initiation will be cancelled and reported with CC with N flag to RTA/AMC
- For switch transactions, funds for switch out scheme must be received before December 05, 2025 (allotment date) to be considered for allotment
- Members must adhere to extended NFO period timings (until midnight December 03, 2025) for lumpsum purchases
Important Dates
- December 01, 2025: NFO opens
- December 03, 2025: NFO closes (regular period)
- December 03, 2025, 6:00 PM: Deadline for clear funds in ICCL Account
- December 03, 2025, midnight: Extended NFO period ends (lumpsum purchases only)
- December 05, 2025: Tentative allotment date
- T+1, 9:00 AM: Deadline for client fund initiation (transactions without funds will be cancelled)
- T+5 or last NFO payout date, 3:00 PM: Pending transaction deadline (whichever is earlier)
Impact Assessment
Market Impact: Low - This is a routine NFO launch for a gold ETF product. It provides investors with an additional passive investment option in the gold category through Bandhan Mutual Fund.
Operational Impact: Low to Medium for participating members - Members need to ensure compliance with specific fund settlement timelines and manage client transaction processing within prescribed deadlines. The extended trading hours until midnight provides additional flexibility for lumpsum investments.
Investor Impact: Positive for investors seeking gold exposure through ETF route. The availability of both regular and direct plans provides choice based on investor preference. The tight fund settlement requirements (clear funds by 6:00 PM on December 03, 2025) require investors to plan their investments accordingly to ensure allotment.
Impact Justification
Routine NFO launch announcement for mutual fund scheme with standard operational procedures; affects only investors interested in this specific gold ETF offering