Description
BSE announces the launch of Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund NFO with SIP facility on BSE StAR MF Platform from February 23–25, 2026, with tentative allotment on March 2, 2026.
Summary
BSE has informed members that Nippon India Mutual Fund is launching the Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund as an NFO with SIP facility on the BSE StAR MF Platform. The NFO subscription window is open from February 23 to February 25, 2026, with tentative unit allotment on March 2, 2026.
Key Points
- Six scheme variants are available across Regular and Direct plans, each offering Growth, IDCW Payout, and IDCW Reinvestment options.
- The NFO will be extended till midnight on February 25, 2026, only for lumpsum purchases.
- SIP/XSIP registration and authentication must be completed before 3:00 PM on the NFO closure date (February 25, 2026).
- Transactions where the client has not initiated funds by 9:00 AM on T+1 (including extended NFO period) will be cancelled; a CC with N flag will be reported to RTA/AMC.
- Pending transactions (where payment is initiated) will remain in the system until 3:00 PM on the last day of funds payout to AMC, or T+5, whichever is earlier.
- Cheques and OTM payments are accepted during the NFO period, subject to receipt of clear funds in the ICCL account by 6:00 PM on March 2, 2026.
- Switches are accepted during the NFO period only if funds from the switch-out scheme are received before the allotment date; funds received on or after the allotment date will not be considered.
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | Regular Plan – Growth | Debt | INF204KC1GO2 | 02-Mar-26 |
| 2 | Regular Plan – IDCW Payout | Debt | INF204KC1GP9 | 02-Mar-26 |
| 3 | Regular Plan – IDCW Reinvestment | Debt | INF204KC1GQ7 | 02-Mar-26 |
| 4 | Direct Plan – Growth | Debt | INF204KC1GR5 | 02-Mar-26 |
| 5 | Direct Plan – IDCW Payout | Debt | INF204KC1GS3 | 02-Mar-26 |
| 6 | Direct Plan – IDCW Reinvestment | Debt | INF204KC1GT1 | 02-Mar-26 |
Regulatory Changes
No new regulatory changes. This circular follows standard BSE StAR MF NFO operational procedures.
Compliance Requirements
- Members must ensure clients initiate funds 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 March 2, 2026 for unit allotment.
- SIP/XSIP authentication must be completed by 3:00 PM on February 25, 2026.
- Members handling switch transactions must confirm that switch-out funds arrive before the NFO allotment date.
Important Dates
- NFO Open Date: February 23, 2026
- NFO Close Date: February 25, 2026 (midnight for lumpsum; 3:00 PM for SIP/XSIP)
- Tentative Allotment Date: March 2, 2026
- Clear Funds Deadline (ICCL): 6:00 PM on March 2, 2026
Impact Assessment
This is a routine NFO launch announcement with limited broader market impact. It is operationally significant for BSE StAR MF members who need to ensure compliance with payment timelines, SIP registration deadlines, and switch cut-off rules. Investors in short-duration debt instruments may find the fund relevant given its CRISIL-IBX Financial Services 9-12 months index mandate.
Impact Justification
Routine NFO launch announcement for a debt index fund on the BSE StAR MF platform; operationally relevant only to mutual fund members and investors participating in the NFO.