Description

ICICI Mutual Fund launches two 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

BSE announces the launch of New Fund Offer (NFO) for two Specialized Investment Funds (SIF) from ICICI Mutual Fund on the BSE StAR MF Platform. The NFO period runs from January 16, 2026, to January 30, 2026, for both ISIF Equity Ex-Top 100 Long-Short Fund and ISIF Hybrid Long-Short Fund, available in Regular and Direct plans with Growth options. The tentative allotment date is February 4, 2026.

Key Points

  • Two SIF schemes 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 option
  • NFO period: January 16, 2026, to January 30, 2026
  • Four ISINs allocated: INF109K30034, INF109K30042, INF109K30018, INF109K30026
  • Tentative allotment date: February 4, 2026
  • NFO extended till midnight on January 30, 2026, for lumpsum purchases only
  • Transactions where clients haven’t 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 February 2, 2026
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This is a procedural announcement for launching new mutual fund schemes on the BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure client-initiated fund transfers are completed by 9:00 AM on T+1 day to avoid transaction cancellation
  • Pending transactions (where client has initiated payment) will remain in system until 3:00 PM on last day of funds payout to AMC or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on February 2, 2026, for unit allotment
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on January 30, 2026 (NFO closure date)
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag

Important Dates

  • January 13, 2026: Reference notice issued for introduction of SIF schemes
  • January 14, 2026: Current notice date
  • January 16, 2026: NFO opening date
  • January 30, 2026: NFO closing date (extended till midnight for lumpsum purchases)
  • January 30, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • February 2, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • February 4, 2026: Tentative allotment date

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch that only affects mutual fund distributors and investors interested in long-short equity and hybrid strategies.

Operational Impact: Low to moderate for BSE StAR MF Platform members who will facilitate these NFO transactions. Members need to ensure compliance with specified timelines for fund transfers and registration authentication.

Investor Impact: Provides investment opportunities in specialized long-short strategies through both equity ex-top 100 and hybrid fund variants. Investors gain access to alternative investment strategies within the SIF framework.

Segment: Mutual Fund segment only, no impact on equity or derivatives markets.

Impact Justification

Routine NFO launch announcement for mutual fund schemes. Impacts only mutual fund distributors and investors interested in these specific schemes. No broader market impact.