Description
Bandhan Mutual Fund will offer Bandhan Silver ETF FOF NFO with SIP facility from January 12-20, 2026, with allotment on January 23, 2026.
Summary
Bandhan Mutual Fund will launch Bandhan Silver ETF Fund of Fund (FOF) as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from January 12, 2026, to January 20, 2026. The scheme is available in both Regular Plan and Direct Plan with Growth options. Tentative allotment date is January 23, 2026, requiring clear funds in ICCL Account by 6:00 PM on January 22, 2026.
Key Points
- NFO period: January 12-20, 2026
- Two scheme options available: Regular Plan (ISIN: INF194KB1KM1) and Direct Plan (ISIN: INF194KB1KN9), both Growth options
- 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
- Pending transactions will remain in system until 3:00 PM on last payout day or T+5, whichever is earlier
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.
Compliance Requirements
- Clear funds must be available in ICCL Account by 6:00 PM on January 22, 2026
- Cheques and OTM payments acceptable during NFO period subject to clear funds receipt by deadline
- 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
- Transactions without client fund initiation by 9:00 AM on T+1 will be cancelled with CC flagged with N flag to RTA/AMC
Important Dates
- NFO Start Date: January 12, 2026
- NFO Closure Date: January 20, 2026
- Extended Trading (Lumpsum only): Until midnight on January 20, 2026
- SIP/XSIP Authentication Deadline: 3:00 PM on January 20, 2026
- Clear Funds Deadline: 6:00 PM on January 22, 2026
- Tentative Allotment Date: January 23, 2026
Impact Assessment
This circular has minimal market-wide impact as it pertains to a routine mutual fund NFO launch. The impact is limited to:
- Members of BSE StAR MF Platform who wish to participate in the NFO
- Investors interested in silver-themed investment products through fund-of-fund structure
- Operational compliance for brokers/members handling NFO subscriptions on the platform
The strict fund settlement timelines and cancellation provisions for unfunded transactions ensure operational discipline but do not affect broader market operations. The silver ETF FOF offers investors exposure to silver through a fund-of-fund structure, providing diversification options in the precious metals segment.
Impact Justification
Routine NFO launch announcement for a mutual fund scheme with standard operational procedures and limited market-wide impact.