Description

Groww Mutual Fund launches GROWW NIFTY CHEMICALS ETF NFO on BSE StAR MF Platform from December 26, 2025 to January 09, 2026 with allotment on January 16, 2026.

Summary

Groww Mutual Fund is launching GROWW NIFTY CHEMICALS ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open from December 26, 2025 to January 09, 2026, with a tentative allotment date of January 16, 2026. Both regular and direct plan variants will be available. Members must ensure clear funds are available in ICCL account by 6:00 PM on January 13, 2026.

Key Points

  • Two scheme variants available: GROWW NIFTY CHEMICALS ETF (Regular) and GROWW NIFTY CHEMICALS ETF - DIRECT PLAN
  • Both schemes categorized as EQUITY schemes
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Transactions with initiated payments remain pending until 3:00 PM on last NFO payout day or T+5, whichever is earlier
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • NFO extended till midnight on January 09, 2026 for lumpsum purchases
  • CC with N flag will be reported to RTA/AMC for cancelled transactions

Regulatory Changes

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

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on January 13, 2026
  • Client must initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cheque and OTM payments must result in clear funds in ICCL account by 6:00 PM on January 13, 2026 for allotment eligibility

Important Dates

  • December 26, 2025: NFO opening date
  • January 09, 2026: NFO closing date (extended till midnight for lumpsum purchases)
  • January 13, 2026: Deadline for clear funds in ICCL account (by 6:00 PM)
  • January 16, 2026: Tentative allotment date
  • T+1 day 9:00 AM: Deadline for client-initiated fund payments to avoid cancellation
  • T+5 or last NFO payout day 3:00 PM: Deadline for pending transactions (whichever is earlier)

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch for a sectoral ETF tracking NIFTY Chemicals index. It provides investment opportunity in the chemicals sector but does not affect broader market operations.

Operational Impact: Low impact on BSE StAR MF Platform members who will need to process subscriptions according to specified timelines. Standard NFO processing requirements apply with clear deadlines for fund transfers and transaction management.

Investor Impact: Provides new investment avenue for investors seeking exposure to NIFTY Chemicals index through an ETF structure with both regular and direct plan options.

Impact Justification

Routine NFO launch announcement for mutual fund platform. Affects only mutual fund distributors and investors interested in this specific ETF scheme. No regulatory changes or compliance obligations for broader market participants.