Description

ICICI Mutual Fund launches two Specialized Investment Funds (SIF) NFOs on BSE StAR MF Platform from January 16-30, 2026, with allotment on February 4, 2026.

Summary

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

Key Points

  • Two SIF schemes launched: ISIF Equity Ex-Top 100 Long-Short Fund and ISIF Hybrid Long-Short Fund
  • Each scheme offered in Regular Plan and Direct Plan with Growth options
  • Four ISINs allocated: INF109K30034, INF109K30042, INF109K30018, INF109K30026
  • NFO period: January 16, 2026, to January 30, 2026
  • Extended trading available 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 accepted during NFO period subject to fund clearance conditions
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date

Regulatory Changes

This circular follows notice number 20260113-38 dated January 13, 2026, regarding the introduction of Specialized Investment Funds (SIF) from ICICI Mutual Fund on BSE StAR MF Platform.

Compliance Requirements

For Members:

  • Ensure client-initiated fund transfers are completed by 9:00 AM on T+1 day to avoid cancellation
  • Report cancelled transactions (CC with N flag) to RTA/AMC
  • Clear funds must be available in ICCL Account by 6:00 PM on February 2, 2026
  • Cheques and OTM payments must result in clear funds in ICCL account by 6:00 PM on February 2, 2026
  • Process SIP/XSIP registration authentications before 3:00 PM on NFO closure date (January 30, 2026)

Transaction Management:

  • Pending transactions with initiated payments remain in system until 3:00 PM on last payout day to AMC or T+5, whichever is earlier

Important Dates

  • January 13, 2026: Previous notice introducing SIF schemes
  • January 14, 2026: Current circular date
  • January 16, 2026: NFO opening date
  • January 30, 2026: NFO closure date (extended till midnight for lumpsum)
  • January 30, 2026, 3:00 PM: Deadline for SIP/XSIP authentication
  • February 2, 2026, 6:00 PM: Clear funds deadline in ICCL Account
  • February 4, 2026: Tentative allotment date for all four schemes

Impact Assessment

Market Impact: Low - This is a routine mutual fund NFO launch with no direct impact on equity or debt markets.

Operational Impact: Low to Medium - Members and distributors need to ensure compliance with payment timelines and authentication procedures specific to these SIF NFOs.

Investor Impact: Provides new investment options in long-short equity and hybrid strategies through Specialized Investment Funds, expanding product availability for eligible investors on BSE StAR MF Platform.

Impact Justification

Routine NFO launch announcement for mutual fund products on BSE platform with standard operational procedures.