Description
UTI Mutual Fund launches NIFTY500 SHARIAH INDEX FUND NFO with SIP facility from February 05-18, 2026, with tentative allotment on February 23, 2026.
Summary
UTI Mutual Fund is launching UTI NIFTY500 SHARIAH INDEX FUND as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO will be open from February 05, 2026, to February 18, 2026, with a tentative allotment date of February 23, 2026. The scheme will be available in both Regular and Direct plans with Growth option.
Key Points
- NFO period: February 05-18, 2026
- Two plan options available: Regular Plan (ISIN: INF789F1AC96) and Direct Plan (ISIN: INF789F1AD04)
- Both plans offer Growth option under Equity category
- Tentative allotment date: February 23, 2026
- Extended trading until midnight on February 18, 2026, for lumpsum purchases only
- Clear funds must be available in ICCL Account by 6:00 PM on February 23, 2026
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Cheques and OTM payments accepted subject to clear funds receipt by allotment date
- Switches accepted during NFO period only if funds received before allotment date
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
For Members:
- Ensure client fund initiation by 9:00 AM on T+1 day to avoid transaction cancellation
- Report cancelled transactions with CC and N flag to RTA/AMC
- Maintain pending transactions until 3:00 PM on last day of fund payout or T+5, whichever is earlier
- Ensure clear funds availability in ICCL Account by 6:00 PM on February 23, 2026
- Complete SIP/XSIP registration authentication by clients before 3:00 PM on NFO closure date (February 18, 2026)
Payment Methods:
- Cheques accepted during NFO period
- OTM payments accepted during NFO period
- Both subject to receipt of clear funds in ICCL account by 6:00 PM on February 23, 2026
Important Dates
- NFO Opening Date: February 05, 2026
- NFO Closing Date: February 18, 2026 (3:00 PM for regular transactions)
- Extended Trading Period: Until midnight on February 18, 2026 (lumpsum only)
- SIP/XSIP Authentication Deadline: 3:00 PM on February 18, 2026
- Tentative Allotment Date: February 23, 2026
- Clear Funds Deadline: 6:00 PM on February 23, 2026
Impact Assessment
Market Impact:
Low - This is a routine NFO launch that expands investment options for investors seeking Shariah-compliant equity exposure through the NIFTY500 SHARIAH Index.
Operational Impact:
Low to Medium for BSE StAR MF platform members who need to ensure compliance with fund settlement timelines and client authentication requirements. Standard NFO processing procedures apply with specific attention to payment cutoff times and switch transaction handling.
Investor Impact:
Provides new investment opportunity for investors seeking Shariah-compliant diversified equity exposure across the NIFTY 500 universe with both lumpsum and SIP investment options.
Impact Justification
Routine NFO launch announcement for a new mutual fund scheme with standard operational details for BSE StAR MF platform members.