Description

HDFC Mutual Fund launches HDFC Nifty India Consumption Index Fund NFO from February 4-13, 2026, with Regular and Direct plans available on BSE StAR MF platform.

Summary

HDFC Mutual Fund is launching HDFC Nifty India Consumption Index Fund as a New Fund Offer (NFO) on the BSE StAR MF Platform from February 4, 2026, to February 13, 2026. Both Regular Plan and Direct Plan with Growth options are available. The tentative allotment date is February 18, 2026.

Key Points

  • NFO period: February 4, 2026 to February 13, 2026
  • Two plan options available: Regular Plan - Growth (ISIN: INF179KC1JZ3) and Direct Plan - Growth (ISIN: INF179KC1KA4)
  • Scheme category: Equity
  • Tentative allotment date: February 18, 2026
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with CC N flag reported to RTA/AMC
  • NFO extended till midnight on February 13, 2026 for lumpsum purchases only
  • SIP/XSIP registrations require client authentication before 3:00 PM on NFO closure date
  • Cheques and OTM payments acceptable subject to clear funds receipt by 6:00 PM on February 18, 2026
  • Switches accepted during NFO period only if funds received before allotment date

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on February 18, 2026 for unit allotment
  • Client payment initiation required before 9:00 AM on T+1 day to avoid transaction cancellation
  • Pending transactions will remain in system till 3:00 PM on last day of NFO fund payout or T+5, whichever is earlier
  • SIP/XSIP authentication must be completed by clients before 3:00 PM on February 13, 2026
  • For switch transactions, funds must be received before February 18, 2026 to qualify for NFO allotment

Important Dates

  • February 4, 2026: NFO opening date
  • February 13, 2026: NFO closure date (3:00 PM for SIP/XSIP authentication; midnight for lumpsum purchases)
  • February 18, 2026: Tentative allotment date; clear funds deadline at 6:00 PM in ICCL Account
  • T+1 day: Client fund initiation deadline at 9:00 AM (for transaction validity)
  • T+5 or last NFO payout day: Pending transaction expiry (whichever is earlier)

Impact Assessment

Market Impact: Low - This is a routine NFO launch of an equity index fund tracking Nifty India Consumption Index. No direct impact on stock market operations or trading activities.

Investor Impact: Low to Medium - Provides investment opportunity for retail and institutional investors interested in consumption-focused equity exposure through a passively managed index fund.

Operational Impact: Low - Standard NFO procedures apply with clear timelines for fund settlement, payment processing, and allotment. Members need to ensure compliance with specified cut-off times for payment initiation and fund availability to avoid transaction cancellations.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational procedures; affects only mutual fund investors on BSE StAR MF platform