Description

BANDHAN MUTUAL FUND launches BANDHAN SILVER ETF FOF NFO with SIP facility from January 12-20, 2026, with tentative allotment on January 23, 2026.

Summary

BANDHAN MUTUAL FUND is launching BANDHAN SILVER ETF FOF (Fund of Fund) as a New Fund Offering (NFO) with Systematic Investment Plan (SIP) facility on the BSE StAR MF Platform. The NFO period runs from January 12, 2026, to January 20, 2026, with tentative allotment scheduled for January 23, 2026. Both Regular and Direct plan options with Growth variants are available.

Key Points

  • NFO Period: January 12, 2026, to January 20, 2026
  • Two scheme variants available: Regular Plan-Growth (ISIN: INF194KB1KM1) and Direct Plan-Growth (ISIN: INF194KB1KN9)
  • Scheme Category: EQUITY
  • Tentative Allotment Date: January 23, 2026
  • Extended trading till midnight on January 20, 2026, for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on January 22, 2026

Regulatory Changes

No regulatory changes introduced. This is a new product launch notification.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Pending transactions will remain in system till 3:00 PM on last day of NFO payout or T+5, whichever is earlier
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt by 6:00 PM on January 22, 2026
  • SIP/XSIP registration authentication must be completed before 3:00 PM on NFO closure date (January 20, 2026)
  • Switch transactions accepted during NFO period only if funds received before allotment date

Important Dates

  • January 12, 2026: NFO Opening Date
  • January 20, 2026: NFO Closure Date (extended till midnight for lumpsum purchases)
  • January 20, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • January 22, 2026, 6:00 PM: Deadline for clear funds availability in ICCL Account
  • January 23, 2026: Tentative Allotment Date

Impact Assessment

This circular has minimal market impact as it is a standard NFO launch notification for mutual fund members. The launch provides investors an opportunity to invest in silver-linked equity funds through both regular and direct plans. Members need to ensure operational compliance with fund collection timelines to avoid transaction cancellations. The extended trading window till midnight on the closure date provides additional flexibility for lumpsum investments.

Impact Justification

Routine NFO launch notification for mutual fund members on BSE platform with standard operational procedures