Description

UTI Mutual Fund launches NFO for UTI NIFTY500 SHARIAH INDEX FUND with SIP facility from February 05-18, 2026, on BSE StAR MF Platform with tentative allotment on February 23, 2026.

Summary

UTI Mutual Fund is launching the UTI NIFTY500 SHARIAH INDEX FUND as a New Fund Offering (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from February 05, 2026, to February 18, 2026, with a tentative allotment date of February 23, 2026. Both Regular and Direct plan options with Growth variants will be available.

Key Points

  • NFO period: February 05, 2026, to February 18, 2026
  • Two plan variants available: Regular Plan - Growth (ISIN: INF789F1AC96) and Direct Plan - Growth (ISIN: INF789F1AD04)
  • Tentative allotment date: February 23, 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
  • Clear funds must be available in ICCL Account by 6:00 PM on February 23, 2026
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt by deadline
  • SIP/XSIP registration authentication required before 3:00 PM on NFO closure date
  • Switches accepted during NFO period only if funds received before allotment date

Regulatory Changes

No regulatory changes announced. This is a standard NFO launch notification.

Compliance Requirements

  • Members must ensure client-initiated fund payments 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 funds payout to AMC or T+5, whichever is earlier
  • For allotment eligibility, clear funds must be in ICCL Account by 6:00 PM on February 23, 2026
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on February 18, 2026
  • Switch transactions require funds receipt under NFO scheme before February 23, 2026, for allotment consideration

Important Dates

  • February 05, 2026: NFO opening date
  • February 18, 2026: NFO closure date (3:00 PM for SIP/XSIP authentication; midnight for lumpsum purchases)
  • February 23, 2026: Tentative allotment date; clear funds deadline in ICCL Account by 6:00 PM
  • T+1 (9:00 AM): Client fund initiation deadline to avoid transaction cancellation

Impact Assessment

This NFO launch has minimal market impact as it represents a standard new mutual fund scheme offering. The impact is limited to:

  • Investors: New investment option for those seeking Shariah-compliant equity exposure to NIFTY500 constituents
  • BSE Members: Operational implementation of NFO trading procedures and payment timelines on StAR MF Platform
  • Market Segment: Expands Shariah-compliant investment product offerings in the mutual fund segment

The scheme targets a specific investor demographic interested in Islamic finance-compliant investment options while tracking the broader NIFTY500 Shariah Index performance.

Impact Justification

Routine NFO launch notification for mutual fund scheme with standard operational procedures; limited to specific investor segment interested in Shariah-compliant equity funds