Description
Bandhan Mutual Fund launches BANDHAN SILVER ETF New Fund Offer on BSE StAR MF Platform from December 01-03, 2025, with tentative allotment on December 05, 2025.
Summary
Bandhan Mutual Fund will offer BANDHAN SILVER ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from December 01, 2025 to December 03, 2025. Both regular and direct plan options are available under the equity category with tentative allotment scheduled for December 05, 2025. The NFO will be extended till midnight on December 03, 2025 for lumpsum purchases only.
Key Points
- BANDHAN SILVER ETF (Regular and Direct Plan) available in equity category
- NFO period: December 01-03, 2025
- Tentative allotment date: December 05, 2025
- Extended trading till midnight on December 03, 2025 for lumpsum purchases only
- Clear funds must be available in ICCL Account by 6:00 PM on December 03, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Pending transactions remain in system till 3:00 PM on last day of funds pay-out or T+5, whichever is earlier
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement.
Compliance Requirements
- Members must ensure clients initiate fund payments by 9:00 AM on T+1 day to avoid cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on December 03, 2025 for allotment
- Cheques and OTM payments accepted during NFO period subject to receipt of clear funds by the deadline
- Switches accepted during NFO period only if funds received before allotment date
- Switch transactions with funds received on/after NFO allotment date will not be considered for allotment
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 day, 9:00 AM: Deadline for clients to initiate fund payments
- T+5 or last NFO pay-out day, 3:00 PM: Final deadline for pending transactions
Impact Assessment
This circular has minimal market impact as it is a routine NFO launch announcement. It affects only members and investors interested in participating in the Bandhan Silver ETF offering. The operational impact is limited to BSE StAR MF Platform participants who need to ensure compliance with specified timelines for fund collection and payment processing. No changes to existing market structure or trading rules are introduced.
Impact Justification
Routine NFO launch announcement for mutual fund scheme with standard procedures and timelines affecting only interested investors