Description

ICICI Mutual Fund launches two new Specialized Investment Funds (SIF NFOs) - ISIF Equity Ex-Top 100 Long-Short Fund and ISIF Hybrid Long-Short Fund on BSE StAR MF platform from January 16-30, 2026.

Summary

ICICI Mutual Fund will offer two new Specialized Investment Fund (SIF) NFOs on the BSE StAR MF Platform from January 16, 2026 to January 30, 2026. The schemes include ISIF Equity Ex-Top 100 Long-Short Fund and ISIF Hybrid Long-Short Fund, both available in Regular and Direct plan growth options. The tentative allotment date is February 04, 2026.

Key Points

  • Two SIF NFOs launched: ISIF Equity Ex-Top 100 Long-Short Fund and ISIF Hybrid Long-Short Fund
  • Each scheme available in Regular Plan and Direct Plan with Growth options
  • Four ISINs allocated: INF109K30034, INF109K30042, INF109K30018, INF109K30026
  • NFO extended till midnight on January 30, 2026 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Cheques and OTM payments acceptable during NFO period
  • SIP/XSIP registration authentication required before 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This circular announces the launch of new mutual fund schemes under the existing Specialized Investment Fund framework referenced in notice 20260113-38 dated January 13, 2026.

Compliance Requirements

  • Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on February 02, 2026
  • Transactions pending payment will remain in system until 3:00 PM on last day of fund payout or T+5, whichever is earlier
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on January 30, 2026
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag

Important Dates

  • January 16, 2026: NFO opens
  • January 30, 2026: NFO closes (extended till midnight for lumpsum purchases)
  • January 30, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • February 02, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • February 04, 2026: Tentative allotment date

Impact Assessment

Limited impact - affects only BSE StAR MF platform participants and investors interested in specialized investment funds. The launch provides new investment options in long-short equity and hybrid strategies for qualified investors. Members need to ensure compliance with payment timelines to facilitate smooth NFO processing and unit allotment.

Impact Justification

Routine NFO launch notification for mutual fund schemes on BSE platform, affects only mutual fund investors interested in new specialized investment funds