Description
UNION Mutual Fund launches UNION CONSUMPTION FUND NFO with SIP facility on BSE StAR MF Platform from December 1-15, 2025, with allotment on December 22, 2025.
Summary
UNION Mutual Fund is launching UNION CONSUMPTION FUND as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from December 1, 2025, to December 15, 2025, with a tentative allotment date of December 22, 2025. Six scheme variants are being offered across Regular and Direct plans with Growth, IDCW Reinvestment, and IDCW Payout options.
Key Points
- NFO Period: December 1, 2025, to December 15, 2025
- Tentative Allotment Date: December 22, 2025
- Six scheme variants offered: Regular Plan (Growth, IDCW Reinvestment, IDCW Payout) and Direct Plan (Growth, IDCW Reinvestment, IDCW Payout)
- All schemes categorized under EQUITY
- 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 22, 2025
- NFO extended till midnight on December 15, 2025, for lumpsum purchases only
- SIP/XSIP registration authentication must be completed before 3:00 PM on NFO closure date
- Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
- Switches accepted during NFO period subject to funds receipt on or before allotment date
Scheme Details
| Sr. No | Scheme Name | Scheme Category | ISIN | Tentative Allotment Date |
|---|---|---|---|---|
| 1 | UNION CONSUMPTION FUND - REGULAR PLAN - GROWTH | EQUITY | INF582M01MD2 | 22-Dec-25 |
| 2 | UNION CONSUMPTION FUND - REGULAR PLAN - IDCW REINVESTMENT | EQUITY | INF582M01MF7 | 22-Dec-25 |
| 3 | UNION CONSUMPTION FUND - REGULAR PLAN - IDCW PAYOUT | EQUITY | INF582M01ME0 | 22-Dec-25 |
| 4 | UNION CONSUMPTION FUND - DIRECT PLAN - GROWTH | EQUITY | INF582M01MH3 | 22-Dec-25 |
| 5 | UNION CONSUMPTION FUND - DIRECT PLAN - IDCW REINVESTMENT | EQUITY | INF582M01MJ9 | 22-Dec-25 |
| 6 | UNION CONSUMPTION FUND - DIRECT PLAN - IDCW PAYOUT | EQUITY | INF582M01MI1 | 22-Dec-25 |
Compliance Requirements
- Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid transaction cancellation
- For transactions without client-initiated funds by deadline, CC with N flag will be reported to RTA/AMC
- Pending transactions (where client has initiated payment) will remain in system until 3:00 PM on last day of NFO funds payout to AMC or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on December 22, 2025
- SIP/XSIP registration authentication must be completed before 3:00 PM on December 15, 2025
- Switch transactions must receive funds on or before allotment date for NFO consideration
Important Dates
- December 1, 2025: NFO opening date
- December 15, 2025: NFO closure date (3:00 PM for SIP/XSIP authentication, midnight for lumpsum purchases)
- December 22, 2025: Tentative allotment date and deadline for clear funds in ICCL Account (6:00 PM)
Impact Assessment
This is a routine product launch on the BSE StAR MF Platform with no market-wide impact. The circular provides operational guidelines for BSE members to facilitate client participation in the UNION CONSUMPTION FUND NFO. The extended trading hours for lumpsum purchases and specific timelines for payment processing are standard NFO procedures designed to maximize investor participation while ensuring settlement discipline.
Impact Justification
Routine NFO launch notification for mutual fund members on BSE StAR MF platform with standard operational procedures