Description

PPFAS Mutual Fund launches PARAG PARIKH LARGE CAP FUND NFO from January 19-30, 2026, with six plan options and SIP facility on BSE StAR MF Platform.

Summary

PPFAS Mutual Fund is launching PARAG PARIKH LARGE CAP FUND as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open from January 19, 2026, to January 30, 2026, with six plan options covering Regular and Direct plans with Growth and IDCW (Income Distribution cum Capital Withdrawal) variants. The scheme is categorized under Equity and offers SIP (Systematic Investment Plan) facility. The tentative allotment date is February 04, 2026.

Key Points

  • Six scheme variants available: Regular Plan (Growth, IDCW Reinvestment, IDCW Payout) and Direct Plan (Growth, IDCW Reinvestment, IDCW Payout)
  • All variants are equity category schemes with unique ISINs
  • NFO period: January 19, 2026, to January 30, 2026
  • Extended trading till midnight on January 30, 2026, for lumpsum purchases only
  • Tentative allotment date: February 04, 2026
  • Clear funds must be available in ICCL Account by 6:00 PM on February 03, 2026
  • Cheques and OTM payments accepted during NFO period subject to fund clearance deadline
  • Switches accepted during NFO period only if funds received before allotment date
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes announced. This is a new product launch within existing mutual fund trading framework.

Compliance Requirements

  • For Members: Ensure transactions where clients have not initiated funds by 9:00 AM on T+1 day (including extended period transactions) are cancelled and CC with N flag is reported to RTA/AMC
  • For Members: Maintain pending transactions in system till 3:00 PM on the last day of funds payout to AMC or T+5, whichever is earlier
  • For Members: Ensure clear funds availability in ICCL Account by 6:00 PM on February 03, 2026, for successful allotment
  • For Clients: Initiate fund payments timely to avoid transaction cancellation
  • For Clients: Complete SIP/XSIP registration authentication before 3:00 PM on January 30, 2026

Important Dates

  • January 19, 2026: NFO opening date
  • January 30, 2026: NFO closing date (3:00 PM for regular transactions; midnight for lumpsum purchases on BSE StAR MF Platform)
  • January 30, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • T+1 day, 9:00 AM: Deadline for client fund initiation (transactions without funds will be cancelled)
  • February 03, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • February 04, 2026: Tentative allotment date

Impact Assessment

Market Impact: Low - This is a routine NFO launch that adds another large cap equity fund option for investors. No impact on stock market operations or existing securities.

Operational Impact: Low to Medium for BSE StAR MF Platform members - Standard NFO processing procedures apply with specific timelines for fund settlement, transaction cancellation protocols, and SIP registration requirements. Members need to communicate deadlines clearly to clients and ensure proper fund flow management.

Investor Impact: Provides new investment option in large cap equity category through PPFAS Mutual Fund with choice of Regular/Direct plans and Growth/IDCW options. SIP facility availability enhances accessibility for retail investors.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational details; affects only mutual fund distribution members and investors interested in PPFAS products.