Description
BSE announces the launch of Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund NFO with SIP facility from February 23-25, 2026, on the BSE StAR MF Platform, with tentative allotment on March 2, 2026.
Summary
BSE has informed members that Nippon India Mutual Fund will be offering the Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund as a New Fund Offer (NFO) with SIP facility from February 23, 2026, to February 25, 2026, on the BSE StAR MF Platform. Six scheme variants are available across Regular and Direct plans with Growth and IDCW options.
Key Points
- NFO subscription window: February 23, 2026, to February 25, 2026
- Six scheme variants available: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
- All schemes categorised as DEBT with tentative allotment date of March 2, 2026
- NFO extended till midnight on February 25, 2026, for lumpsum purchases only
- SIP/XSIP registration authentication must be completed before 3:00 PM on NFO closure date
- Transactions where clients have not initiated funds by 9:00 AM on T+1 will be cancelled with CC (N flag) reported to RTA/AMC
Regulatory Changes
No regulatory changes. This is a standard operational notice for a new fund launch on the BSE StAR MF Platform.
Compliance Requirements
- Members must ensure client funds are initiated before 9:00 AM on T+1; failing which transactions will be cancelled
- Pending transactions (where payment is initiated) remain in the system until 3:00 PM on the last day of funds pay-out to AMC, or T+5, whichever is earlier
- Clear funds must be available in the ICCL Account by 6:00 PM on March 2, 2026, for allotment
- Cheques and OTM payments accepted during NFO period subject to receipt of clear funds by 6:00 PM on March 2, 2026
- Switch transactions accepted only if funds under the switch-out scheme are received before the allotment date; funds received on or after allotment date will not be considered
Important Dates
- February 23, 2026: NFO subscription opens
- February 25, 2026: NFO subscription closes (extended till midnight for lumpsum purchases)
- February 25, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
- March 2, 2026: Tentative allotment date for all six scheme variants
- March 2, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Regular Plan - Growth | DEBT | INF204KC1GO2 | 02-Mar-26 |
| 2 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Regular Plan - IDCW Payout | DEBT | INF204KC1GP9 | 02-Mar-26 |
| 3 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Regular Plan - IDCW Reinvestment | DEBT | INF204KC1GQ7 | 02-Mar-26 |
| 4 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - Growth | DEBT | INF204KC1GR5 | 02-Mar-26 |
| 5 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - IDCW Payout | DEBT | INF204KC1GS3 | 02-Mar-26 |
| 6 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - IDCW Reinvestment | DEBT | INF204KC1GT1 | 02-Mar-26 |
Impact Assessment
This is a routine NFO announcement with limited broader market impact. It is relevant primarily to BSE StAR MF platform members facilitating Nippon India Mutual Fund transactions. Members need to follow standard NFO operational procedures including fund initiation timelines and SIP authentication deadlines. The fund targets short-duration debt exposure tracking the CRISIL-IBX Financial Services 9-12 Months index, appealing to conservative debt investors.
Impact Justification
Routine NFO launch notice for a debt index fund on BSE StAR MF platform with standard operational instructions; limited market-wide impact.