Description
KOTAK MAHINDRA MUTUAL FUND launches KOTAK SERVICES FUND NFO with SIP facility from February 04, 2026 to February 18, 2026 on BSE StAR MF Platform.
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 a tentative allotment date of February 25, 2026. The fund will be available in six variants covering Regular and Direct plans with Growth, IDCW Reinvestment, and IDCW Payout options under the Equity category.
Key Points
- NFO period: February 04, 2026 to February 18, 2026
- Six scheme variants available: Regular Plan (Growth, IDCW Reinvestment, IDCW Payout) and Direct Plan (Growth, IDCW Reinvestment, IDCW Payout)
- All schemes categorized under Equity
- Tentative allotment date: February 25, 2026
- Extended trading till midnight on February 18, 2026 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Switches accepted during NFO period subject to fund receipt before allotment date
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure 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 23, 2026
- Clients must initiate funds payment by 9:00 AM on T+1 day to avoid cancellation
- Pending transactions will remain in system till 3:00 PM on last day of fund payout or T+5, whichever is earlier
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Cheques and OTM payments acceptable only if clear funds received in ICCL account by 6:00 PM on February 23, 2026
- Switch transactions require funds receipt before allotment date to be considered
Important Dates
- NFO Start Date: February 04, 2026
- NFO End Date: February 18, 2026
- Extended Period for Lumpsum: Till midnight on February 18, 2026
- SIP/XSIP Authentication Deadline: 3:00 PM on February 18, 2026
- Clear Funds Deadline: 6:00 PM on February 23, 2026
- Tentative Allotment Date: February 25, 2026
Impact Assessment
This is a routine NFO launch with minimal market impact. The offering provides investors with a new equity fund option focused on services sector. Standard operational procedures apply for fund collection, cancellation, and allotment. Impact limited to mutual fund distribution members and potential investors interested in sector-specific equity funds. No systemic market implications.
Impact Justification
Routine NFO launch announcement for mutual fund schemes with standard operational procedures. Limited market-wide impact.