Description

GROWW Mutual Fund launches GROWW NIFTY PSE ETF FOF - NFO with SIP facility on BSE StAR MF Platform from January 23, 2026 to February 06, 2026.

Summary

GROWW Mutual Fund will launch GROWW NIFTY PSE ETF FOF - NFO with SIP facility on BSE StAR MF Platform. The NFO period runs from January 23, 2026 to February 06, 2026, with tentative allotment on February 13, 2026. The scheme offers six plan variants covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

  • Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes categorized as EQUITY with unique ISINs assigned
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Extended trading available till midnight on NFO closure date for lumpsum purchases only
  • Clear funds must be available in ICCL Account by 6:00 PM on February 10, 2026
  • Cheques and OTM payments accepted during NFO period subject to clear funds receipt by deadline
  • Switches accepted during NFO period only if funds received on or before allotment date
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for NFO launch.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Clear funds must be available in ICCL Account by 6:00 PM on February 10, 2026 for unit allotment
  • SIP/XSIP registration authentication must be completed by 3:00 PM on February 06, 2026
  • Switch transactions must receive funds on or before February 13, 2026 for allotment consideration

Important Dates

  • January 23, 2026: NFO opening date
  • February 06, 2026: NFO closure date (extended till midnight for lumpsum purchases)
  • February 06, 2026, 3:00 PM: Deadline for SIP/XSIP authentication
  • February 10, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • February 13, 2026: Tentative allotment date
  • T+1, 9:00 AM: Deadline for client-initiated funds (post-transaction)
  • T+5 or last day of NFO funds payout, 3:00 PM: Pending transaction deadline

Impact Assessment

Market Impact: Low - Standard NFO launch affecting only BSE StAR MF platform participants.

Operational Impact: Low to Medium for BSE StAR MF members - Requires adherence to specific fund transfer timelines and client authentication procedures. Members must monitor client fund initiation and SIP registration deadlines to avoid cancellations.

Investor Impact: Low - New investment opportunity for investors interested in NIFTY PSE ETF exposure through fund-of-funds structure. Multiple plan options provide flexibility for different investor preferences.

Impact Justification

Operational notice about mutual fund NFO launch with standard procedures. Affects only BSE StAR MF platform members dealing with GROWW schemes.