Description

KOTAK Mutual Fund to offer KOTAK NIFTY NEXT 50 ETF NFO from December 18, 2025 to January 01, 2026 on BSE StAR MF Platform with allotment on January 07, 2026.

Summary

KOTAK Mutual Fund will launch KOTAK NIFTY NEXT 50 ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from December 18, 2025 to January 01, 2026. The scheme includes both regular and direct plan options under the equity category, with a tentative allotment date of January 07, 2026. The NFO will be extended till midnight on January 01, 2026 for lumpsum purchases only.

Key Points

  • NFO period: December 18, 2025 to January 01, 2026
  • Two schemes offered: KOTAK NIFTY NEXT 50 ETF and KOTAK NIFTY NEXT 50 ETF - DIRECT PLAN
  • Both schemes categorized as EQUITY
  • Tentative allotment date: January 07, 2026
  • Extended trading till midnight on January 01, 2026 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Pending transactions remain in system till 3:00 PM on last NFO day or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on January 06, 2026
  • Cheques and OTM payments accepted subject to clear funds receipt by deadline
  • Switches accepted during NFO period subject to fund receipt before allotment date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement.

Compliance Requirements

  • Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid cancellation
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Clear funds must be available in ICCL Account by 6:00 PM on January 06, 2026 for allotment
  • For switches during NFO, funds under NFO scheme must be received on or before allotment date (January 07, 2026)
  • Switch transactions with funds received after NFO allotment date will not be considered for allotment

Important Dates

  • December 18, 2025: NFO opening date
  • January 01, 2026: NFO closing date (extended till midnight for lumpsum purchases)
  • January 06, 2026: Deadline for clear funds in ICCL Account by 6:00 PM
  • January 07, 2026: Tentative allotment date
  • T+1 day: Deadline for client-initiated funds by 9:00 AM
  • T+5 or last NFO day: Pending transaction deadline at 3:00 PM, whichever is earlier

Impact Assessment

Market Impact: Low - This is a routine NFO launch for an ETF tracking the NIFTY NEXT 50 index. It provides investors with another passive investment option but does not affect existing market operations or trading.

Operational Impact: Low - Standard NFO procedures apply with typical payment and settlement timelines. Members participating in BSE StAR MF Platform should follow established operational protocols for NFO processing, fund collection, and reporting to RTA/AMC.

Impact Justification

Routine NFO launch announcement for ETF product with standard operational guidelines for BSE StAR MF platform participants. No market-wide impact or regulatory changes.