Description

Groww Mutual Fund launches GROWW NIFTY PSE ETF NFO on BSE StAR MF Platform from January 22, 2026 to February 05, 2026 with tentative allotment on February 12, 2026.

Summary

Groww Mutual Fund is launching GROWW NIFTY PSE ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from January 22, 2026 to February 05, 2026, with a tentative allotment date of February 12, 2026. Both regular and direct plan variants will be available under the equity scheme category.

Key Points

  • GROWW NIFTY PSE ETF NFO available on BSE StAR MF Platform
  • Two scheme variants: Regular Plan and Direct Plan, both under Equity category
  • NFO extended till midnight on February 05, 2026 for lumpsum purchases
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Transactions with initiated payment remain pending until 3:00 PM on last fund payout day or T+5, whichever is earlier
  • Cheques and OTM payments acceptable subject to clear funds receipt

Regulatory Changes

No regulatory changes introduced. This is a new product launch announcement.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag
  • Clear funds must be available in ICCL Account by 6:00 PM on February 09, 2026
  • For cheque and OTM payments, clear funds must reach ICCL account by 6:00 PM on February 09, 2026 to qualify for unit allotment

Important Dates

  • January 22, 2026: NFO opens
  • February 05, 2026: NFO closes (extended till midnight for lumpsum purchases)
  • February 09, 2026: Clear funds deadline in ICCL Account (by 6:00 PM)
  • February 12, 2026: Tentative allotment date
  • T+1 (9:00 AM): Deadline for client fund initiation to avoid cancellation
  • T+5 or last payout day (3:00 PM): Pending transaction deadline

Impact Assessment

This circular has minimal market impact as it is a routine NFO launch announcement. It provides operational guidance for members participating in the Groww Mutual Fund NFO on the BSE StAR MF Platform. The impact is limited to mutual fund distributors and investors interested in the NIFTY PSE ETF product. Standard fund collection and settlement procedures apply with clearly defined timelines for payment processing and allotment.

Impact Justification

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