Description

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

Summary

KOTAK Mutual Fund will offer KOTAK NIFTY NEXT 50 ETF as a New Fund Offering (NFO) on the BSE StAR MF Platform. The NFO period runs from December 18, 2025 to January 01, 2026, with a tentative allotment date of January 07, 2026. Both regular and direct plan variants will be available in the equity category.

Key Points

  • NFO period: December 18, 2025 to January 01, 2026
  • Scheme category: EQUITY
  • Two plan options available: Regular and Direct Plan
  • 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
  • Transactions with initiated payments remain pending 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 during NFO period subject to fund clearance deadline
  • Switches accepted during NFO subject to receipt of funds on or before allotment date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated funds are received by 9:00 AM on T+1 day to avoid transaction 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 unit allotment
  • For cheque and OTM payments, funds must clear by the specified deadline
  • Switch transactions require fund receipt on or before the allotment date to qualify for NFO allotment

Important Dates

  • NFO Start Date: December 18, 2025
  • NFO End Date: January 01, 2026 (extended till midnight for lumpsum purchases)
  • Fund Payment Deadline: 9:00 AM on T+1 for avoiding cancellation
  • Clear Funds Deadline: 6:00 PM on January 06, 2026
  • Tentative Allotment Date: January 07, 2026

Impact Assessment

This is a routine NFO launch with minimal market impact. It provides members and investors access to a new ETF tracking the NIFTY NEXT 50 index through the BSE StAR MF Platform. The operational guidelines ensure proper fund settlement and transaction processing. Members need to communicate the payment timelines clearly to clients to avoid transaction cancellations.

Impact Justification

Routine NFO launch notification for mutual fund members with standard operational guidelines and timelines