Description

Groww Mutual Fund launches GROWW NIFTY METAL ETF NFO on BSE StAR MF platform from December 03 to December 17, 2025, with tentative allotment on December 24, 2025.

Summary

Groww Mutual Fund is launching GROWW NIFTY METAL ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be available for subscription from December 03, 2025 to December 17, 2025, with a tentative allotment date of December 24, 2025. Both regular and direct plan variants will be offered under the equity scheme category.

Key Points

  • NFO comprises two schemes: GROWW NIFTY METAL ETF and GROWW NIFTY METAL ETF - DIRECT PLAN, both categorized under equity
  • Tentative allotment date: December 24, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled with CC and N flag reported to RTA/AMC
  • Transactions with initiated payments remain pending until 3:00 PM on the last NFO fund payout day to AMC or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on December 19, 2025
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt by December 19, 2025 at 6:00 PM
  • NFO extended till midnight on December 17, 2025 for lumpsum purchases

Regulatory Changes

No regulatory changes introduced. This is a standard product launch notification.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
  • Members must report cancelled transactions with CC and N flag to RTA/AMC
  • Clear funds must be available in ICCL Account by 6:00 PM on December 19, 2025 for allotment eligibility
  • All cheque and OTM payments must result in clear funds by the December 19, 2025 deadline

Important Dates

  • NFO Start Date: December 03, 2025
  • NFO End Date: December 17, 2025 (extended till midnight for lumpsum purchases)
  • Clear Funds Deadline: December 19, 2025 by 6:00 PM
  • Tentative Allotment Date: December 24, 2025
  • Fund Initiation Deadline: 9:00 AM on T+1 day for each transaction
  • Payment Pending Window: Until 3:00 PM on last NFO payout day or T+5, whichever is earlier

Impact Assessment

Market Impact: Low. This is a routine NFO launch for a sector-specific ETF tracking Nifty Metal index. It provides investors with exposure to the metal sector through an exchange-traded fund structure.

Operational Impact: Medium for participating members. Members need to monitor client fund initiation timelines closely to avoid automatic cancellations and ensure compliance with the strict payment deadlines for successful allotment.

Investor Impact: Provides new investment opportunity in metal sector through ETF route with both regular and direct plan options available during the 15-day NFO window.

Impact Justification

Routine NFO launch announcement for a sector-specific ETF with standard operational details for mutual fund distributors.