Description

MAHINDRA MANULIFE MUTUAL FUND is launching MAHINDRA MANULIFE INNOVATION OPPORTUNITIES FUND - NFO with SIP facility on BSE StAR MF Platform from January 09, 2026 to January 23, 2026.

Summary

MAHINDRA MANULIFE MUTUAL FUND is launching MAHINDRA MANULIFE INNOVATION OPPORTUNITIES FUND as a New Fund Offer (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO period runs from January 09, 2026 to January 23, 2026, with a tentative allotment date of January 30, 2026. The fund offers six scheme variants across Regular and Direct plans with Growth, IDCW Reinvestment, and IDCW Payout options.

Key Points

  • NFO Period: January 09, 2026 to January 23, 2026
  • Six scheme variants available: Regular Plan (Growth, IDCW Reinvestment, IDCW Payout) and Direct Plan (Growth, IDCW Reinvestment, IDCW Payout)
  • All schemes categorized as EQUITY funds
  • Tentative allotment date: January 30, 2026
  • Extended hours available till midnight on January 23, 2026 for lumpsum purchases only
  • SIP/XSIP registration authentication required before 3:00 PM on NFO closure date
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Pending transactions will remain in system till 3:00 PM on last day of NFO or T+5, whichever is earlier
  • Cheques and OTM payments accepted subject to clear funds receipt by 6:00 PM on January 30, 2026
  • Switches accepted during NFO period subject to funds receipt on or before allotment date

Regulatory Changes

No regulatory changes introduced. This is a routine NFO launch under existing mutual fund regulations.

Compliance Requirements

  • Members must ensure client-initiated funds are available by 9:00 AM on T+1 day to avoid cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on January 30, 2026 for allotment
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on January 23, 2026
  • For switch transactions, funds for switch out scheme must be received on or before the NFO allotment date (January 30, 2026) for consideration
  • Cancelled transactions (without funds initiation) will be reported to RTA/AMC with CC and N flag

Important Dates

  • January 09, 2026: NFO opening date
  • January 23, 2026: NFO closure date (3:00 PM for SIP authentication, midnight for lumpsum extended period)
  • January 30, 2026: Tentative allotment date and deadline for clear funds in ICCL Account by 6:00 PM
  • T+1 Day: Deadline for client fund initiation by 9:00 AM
  • T+5 or Last NFO Payout Day: Whichever is earlier for pending transaction clearance

Impact Assessment

Low market impact. This is a standard NFO launch affecting only mutual fund distributors and investors interested in the MAHINDRA MANULIFE INNOVATION OPPORTUNITIES FUND. The circular provides operational guidelines for BSE StAR MF Platform members to process NFO transactions, including specific timelines for fund transfers, transaction cancellations, and SIP registrations. No impact on stock markets or listed securities. The fund focuses on innovation opportunities within the equity segment.

Impact Justification

Routine NFO launch announcement for mutual fund platform with standard procedures and timelines for market participants