Description

Kotak Mahindra Mutual Fund launches Kotak Services Fund NFO with SIP facility on BSE StAR MF platform from February 04 to February 18, 2026.

Summary

Kotak Mahindra Mutual Fund is launching Kotak Services Fund as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from February 04, 2026, to February 18, 2026, with six plan options available (Regular and Direct plans with Growth, IDCW Reinvestment, and IDCW Payout options). The tentative allotment date is February 25, 2026.

Key Points

  • NFO period: February 04 to February 18, 2026
  • Scheme: Kotak Services Fund (Equity category)
  • Six plan options available: Regular and Direct plans, each with Growth, IDCW Reinvestment, and IDCW Payout variants
  • Tentative allotment date: February 25, 2026
  • Clear funds must be available in ICCL Account by 6:00 PM on February 23, 2026
  • NFO extended till midnight on February 18, 2026, for lumpsum purchases only
  • SIP/XSIP registrations authentication required before 3:00 PM on NFO closure date
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • Switches accepted during NFO period subject to receipt of funds before allotment date

Regulatory Changes

No regulatory changes. This is a standard NFO launch announcement.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on February 23, 2026
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date (February 18, 2026)
  • For switch transactions, funds for switch out scheme must be received before NFO allotment date
  • Transactions with pending client payments will remain in system till 3:00 PM on last day of funds payout or T+5, whichever is earlier

Important Dates

  • February 04, 2026: NFO opening date
  • February 18, 2026: NFO closure date (3:00 PM for SIP authentication; midnight for lumpsum purchases)
  • February 23, 2026: Clear funds deadline in ICCL Account (6:00 PM)
  • February 25, 2026: Tentative allotment date
  • T+1: Client funds initiation deadline (9:00 AM) to avoid cancellation
  • T+5 or last payout day: Pending transaction expiry (3:00 PM), whichever is earlier

Impact Assessment

This is a routine NFO launch with minimal market impact. It provides investment opportunities for clients interested in equity services sector exposure through Kotak Mahindra Mutual Fund. The announcement primarily affects BSE StAR MF platform members who will facilitate client subscriptions during the NFO period. Operational guidelines ensure proper fund settlement and transaction processing timelines.

Impact Justification

Standard NFO launch announcement for mutual fund product with routine operational guidelines for members