Description
EDELWEISS Mutual Fund launches EDELWEISS FINANCIAL SERVICES FUND - NFO with SIP facility from January 27, 2026 to February 10, 2026 on BSE StAR MF Platform.
Summary
EDELWEISS Mutual Fund is launching EDELWEISS FINANCIAL SERVICES FUND as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO will be open from January 27, 2026 to February 10, 2026, with tentative allotment date of February 17, 2026. The scheme offers six plan variants covering Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO Period: January 27, 2026 to February 10, 2026
- Tentative Allotment Date: February 17, 2026
- Six scheme variants available: Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
- All schemes categorized as EQUITY funds
- SIP facility available during NFO period
- Extended trading till midnight on February 10, 2026 for lumpsum purchases only
- Switches accepted during NFO period subject to fund receipt conditions
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Members must ensure clear funds are available in ICCL Account by 6:00 PM on February 13, 2026 for unit allotment
- Transactions where client has not initiated funds till 9:00 AM on T+1 day will be cancelled and CC with N flag reported to RTA/AMC
- Client-initiated payments remain pending in system till 3:00 PM on last day of fund payout or T+5, whichever is earlier
- Cheques and OTM payments accepted during NFO period only if clear funds received in ICCL account by 6:00 PM on February 13, 2026
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date
- Switch transactions: funds must be received before allotment date for NFO consideration
Important Dates
- January 27, 2026: NFO opening date
- February 10, 2026: NFO closure date (extended till midnight for lumpsum purchases)
- February 10, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
- February 13, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
- February 17, 2026: Tentative allotment date
Impact Assessment
Market Impact: Minimal. This is a routine NFO launch that provides investment opportunities for participants interested in financial services sector equity funds.
Operational Impact: Members and participants of BSE StAR MF Platform need to ensure compliance with fund settlement timelines and authentication requirements. The circular provides clear operational guidelines for transaction processing, cancellation procedures, and payment handling during the NFO period.
Investor Impact: Creates new investment opportunity in financial services sector through multiple plan options catering to different investor preferences (Regular/Direct, Growth/IDCW).
Impact Justification
Routine NFO launch announcement for mutual fund scheme. Affects only mutual fund participants interested in new fund offerings. No regulatory changes or compliance obligations for broader market.