Description

HDFC MUTUAL FUND launches HDFC NIFTY INDIA CONSUMPTION INDEX FUND - NFO on BSE StAR MF Platform from February 04, 2026, to February 13, 2026.

Summary

HDFC MUTUAL FUND is launching HDFC NIFTY INDIA CONSUMPTION INDEX FUND - NFO on BSE StAR MF Platform from February 04, 2026, to February 13, 2026. The scheme offers both Regular Plan - Growth and Direct Plan - Growth options with tentative allotment date of February 18, 2026. Members must ensure clear funds are available in ICCL Account by 6:00 PM on February 18, 2026.

Key Points

  • NFO period: February 04, 2026 to February 13, 2026
  • Two scheme options: Regular Plan - Growth (ISIN: INF179KC1JZ3) and Direct Plan - Growth (ISIN: INF179KC1KA4)
  • Tentative allotment date: February 18, 2026
  • NFO extended till midnight on February 13, 2026 for lumpsum purchases only
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Transactions with initiated payments remain pending till 3:00 PM on last day of funds payout or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on February 18, 2026
  • Cheques and OTM payments acceptable subject to clear funds receipt by 6:00 PM on February 18, 2026
  • Switches accepted during NFO period subject to funds receipt before allotment date
  • SIP/XSIP registrations authentication must be completed by clients before 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes introduced.

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 18, 2026 for allotment
  • SIP/XSIP registrations must be authenticated before 3:00 PM on February 13, 2026

Important Dates

  • February 04, 2026: NFO opening date
  • February 13, 2026: NFO closure date (3:00 PM for SIP authentication, midnight for lumpsum extended period)
  • February 18, 2026: Tentative allotment date and deadline for clear funds in ICCL Account (6:00 PM)
  • T+1 day: Deadline for client fund initiation (9:00 AM)
  • T+5 or last day of funds payout: Deadline for pending transactions with initiated payments (3:00 PM)

Impact Assessment

This is a routine mutual fund product launch with limited market impact. The circular provides operational guidelines for BSE StAR MF Platform members to facilitate smooth NFO execution. Impact is confined to mutual fund distribution channels and investors interested in passive index funds tracking Nifty India Consumption Index. No broader market or regulatory implications.

Impact Justification

Routine mutual fund NFO launch announcement with operational details for members. No regulatory changes or compliance requirements beyond standard NFO procedures.