Description

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

Summary

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

Key Points

  • NFO available in two plan variants: Regular Plan - Growth (ISIN: INF789F1AC96) and Direct Plan - Growth (ISIN: INF789F1AD04)
  • NFO period: February 05, 2026 to February 18, 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 accepted during NFO period subject to fund receipt by allotment date
  • SIP/XSIP registration authentication required before 3:00 PM on NFO closure date

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client-initiated payment by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions with initiated payments will remain pending until 3:00 PM on last day of funds payout or T+5, whichever is earlier
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Switches accepted during NFO period only if funds received before allotment date
  • Clear funds must be in ICCL Account by 6:00 PM on February 23, 2026 for unit allotment

Important Dates

  • NFO Start Date: February 05, 2026
  • NFO End Date: February 18, 2026 (extended till midnight for lumpsum purchases)
  • SIP/XSIP Authentication Deadline: 3:00 PM on February 18, 2026
  • Tentative Allotment Date: February 23, 2026
  • Funds Clearance Deadline: 6:00 PM on February 23, 2026

Impact Assessment

This is a routine NFO launch with minimal market impact. It provides investors with a new Shariah-compliant investment option tracking the NIFTY500 Shariah Index. The circular outlines standard operational procedures for BSE StAR MF Platform members to facilitate smooth execution of NFO transactions. Impact is limited to UTI Mutual Fund distributors and investors interested in Shariah-compliant equity funds.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational procedures