Description

Groww Mutual Fund launching GROWW NIFTY PSE ETF NFO from January 22 to February 5, 2026 on BSE StAR MF platform with allotment on February 12, 2026.

Summary

Groww Mutual Fund is launching the GROWW NIFTY PSE ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO will be open from January 22, 2026, to February 5, 2026, with tentative allotment scheduled for February 12, 2026. Both regular and direct plan options will be available under the equity category.

Key Points

  • NFO period: January 22, 2026, to February 5, 2026
  • Two schemes available: GROWW NIFTY PSE ETF and GROWW NIFTY PSE ETF - DIRECT PLAN (both equity category)
  • Tentative allotment date: February 12, 2026
  • Extended trading hours available till midnight on February 5, 2026, for lumpsum purchases
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Transactions with initiated payments remain pending till 3:00 PM on last NFO payout date or T+5, whichever is earlier

Regulatory Changes

No regulatory changes introduced. This is a notification of a new product launch.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on February 9, 2026
  • Clients must initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
  • Cancelled transactions (where clients haven’t initiated funds) will be reported to RTA/AMC with CC and N flag
  • Cheques and OTM payments are acceptable during NFO period only if clear funds are received in ICCL account by 6:00 PM on February 9, 2026

Important Dates

  • NFO Start Date: January 22, 2026
  • NFO End Date: February 5, 2026 (extended till midnight for lumpsum purchases)
  • Clear Funds Deadline: February 9, 2026, by 6:00 PM
  • Tentative Allotment Date: February 12, 2026
  • Transaction Cancellation: T+1 day at 9:00 AM (if funds not initiated)
  • Pending Transaction Expiry: 3:00 PM on last NFO payout date or T+5, whichever is earlier

Impact Assessment

Market Impact: Low - This is a routine NFO launch that provides investors with a new investment option in the public sector enterprises segment through an ETF structure.

Operational Impact: Low to Medium for BSE StAR MF platform members who will need to facilitate client transactions during the NFO period and ensure compliance with fund settlement timelines.

Investor Impact: Positive - Provides investors with access to a new equity ETF tracking the NIFTY PSE index, available in both regular and direct plan formats for different investor preferences.

Impact Justification

Routine NFO launch notification for mutual fund platform members with standard operational procedures and timelines.