Description
Groww Mutual Fund launches GROWW NIFTY METAL ETF NFO from December 03, 2025 to December 17, 2025 on BSE StAR MF Platform 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 both regular and direct plan options. The tentative allotment date is December 24, 2025. The NFO includes specific payment timelines and fund clearance requirements for members.
Key Points
- Two scheme variants available: GROWW NIFTY METAL ETF (Regular) and GROWW NIFTY METAL ETF - DIRECT PLAN
- Both schemes fall under EQUITY category
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- Pending transactions will remain in system until 3:00 PM on last NFO funds payout day 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 fund clearance deadline
- NFO extended until midnight on December 17, 2025 for lumpsum purchases
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.
Compliance Requirements
- Members must ensure client-initiated fund transfers by 9:00 AM on T+1 day to avoid transaction cancellation
- CC with N flag to be reported to RTA/AMC for cancelled transactions
- Clear funds must be deposited in ICCL Account by 6:00 PM on December 19, 2025 for unit allotment
- Payment instruments (cheques and OTM) must result in cleared funds by the December 19, 2025 deadline
Important Dates
- December 03, 2025: NFO opening date
- December 17, 2025: NFO closing date (extended until midnight for lumpsum purchases)
- December 19, 2025: Clear funds deadline in ICCL Account by 6:00 PM
- December 24, 2025: Tentative allotment date
- T+1 day: Client fund initiation deadline by 9:00 AM (applies to all NFO transactions)
- T+5 or last NFO payout day: Pending transaction deadline at 3:00 PM, whichever is earlier
Impact Assessment
This circular has minimal market impact as it is a routine NFO announcement. It provides members and investors an opportunity to participate in a new metal sector ETF offering. The impact is limited to:
- Operational: Members need to coordinate payment processing and fund clearance within specified timelines
- Investor Access: New investment option for exposure to Nifty Metal index through ETF structure
- Market Participation: Standard NFO process with no disruption to existing trading or settlement activities
The extended trading hours until midnight on the last day provides additional flexibility for lumpsum subscriptions.
Impact Justification
Routine NFO launch announcement for a new ETF scheme. Informational notice for market participants with standard operational procedures.