Description

Aditya Birla Sun Life Mutual Fund launches BSE Top 10 Banks ETF NFO on BSE StAR MF Platform from February 23-25, 2026, with tentative allotment date of February 27, 2026.

Summary

Aditya Birla Sun Life Mutual Fund is launching the ADITYA BIRLA SUN LIFE BSE TOP 10 BANKS ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO is open from February 23 to February 25, 2026, with a tentative allotment date of February 27, 2026. Both a regular plan and a direct plan are being offered under the equity category.

Key Points

  • NFO period: February 23, 2026 to February 25, 2026 on BSE StAR MF Platform
  • Two schemes offered: ADITYA BIRLA SUN LIFE BSE TOP 10 BANKS ETF and its Direct Plan, both under the Equity category
  • Tentative allotment date for both schemes: February 27, 2026
  • Lumpsum purchases extended till midnight on February 25, 2026 on BSE StAR MF Platform
  • Transactions where the client has not initiated funds by 9:00 AM on T+1 will be cancelled with a CC with N flag reported to RTA/AMC
  • Pending transactions (with initiated payment) remain in system till 3:00 PM on the last day of funds payout to AMC or T+5, whichever is earlier
  • Cheques and OTM payments are acceptable during the NFO period subject to clear funds reaching ICCL account

Regulatory Changes

No new regulatory changes. This is a standard NFO launch notification under existing BSE StAR MF operational framework.

Compliance Requirements

  • Members must ensure clients initiate fund transfers by 9:00 AM on T+1 to avoid transaction cancellation
  • Clear funds must be available in the ICCL Account by 6:00 PM on February 27, 2026, to qualify for unit allotment
  • Cheque and OTM payment modes are permissible only if clear funds are credited to ICCL by the 6:00 PM deadline on February 27, 2026

Important Dates

  • February 23, 2026: NFO opens
  • February 25, 2026: NFO closes (lumpsum purchases extended till midnight)
  • February 27, 2026: Tentative allotment date; clear funds must be in ICCL Account by 6:00 PM
  • T+1 by 9:00 AM: Deadline for clients to initiate fund transfers to avoid cancellation
  • T+5 or last payout day by 3:00 PM: Outer limit for pending transactions with initiated payments

Impact Assessment

This circular is operationally relevant to BSE members and distributors facilitating mutual fund transactions on the BSE StAR MF Platform. Investors in banking-sector equity ETFs have a new instrument focused on the top 10 banks. The impact is moderate — primarily affecting members who need to manage client transaction timelines and fund settlement carefully to meet the ICCL funding deadline. No market-wide disruption is expected.

Impact Justification

Routine NFO launch announcement relevant to mutual fund investors and members using BSE StAR MF Platform; introduces a new banking-sector ETF with specific fund and payment deadlines.