Description
ABAKKUS Mutual Fund launches ABAKKUS SMALL CAP FUND NFO with SIP facility on BSE StAR MF Platform from February 26 to March 12, 2026, with tentative allotment on March 17, 2026.
Summary
BSE has informed members that ABAKKUS Mutual Fund will launch the ABAKKUS SMALL CAP FUND NFO with SIP facility on the BSE StAR MF Platform from February 26, 2026 to March 12, 2026. The NFO includes both Regular and Direct Plan - Growth options under the Equity category, with tentative unit allotment on March 17, 2026.
Key Points
- NFO subscription window: February 26, 2026 to March 12, 2026
- Both Regular Plan (ISIN: INF2JJD01185) and Direct Plan (ISIN: INF2JJD01177) are available under Growth option
- SIP/XSIP facility is available alongside lumpsum purchases
- The NFO is extended till midnight on March 12, 2026, for lumpsum purchases only
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date (March 12, 2026)
- Transactions where clients have not initiated funds by 9:00 AM on T+1 day will be cancelled; CC with N flag will be reported to RTA/AMC
- Transactions with initiated payment remain pending until 3:00 PM on the last day of fund payout to AMC, or T+5, whichever is earlier
Regulatory Changes
No regulatory changes. This is a standard NFO launch notification on the BSE StAR MF Platform.
Compliance Requirements
- Members must ensure clear funds are available in the ICCL Account by 6:00 PM on March 17, 2026 (tentative allotment date) to secure unit allotment
- Cheque and OTM payments are acceptable during the NFO period, subject to receipt of clear funds in the ICCL account by 6:00 PM on March 17, 2026
- SIP/XSIP authentication must be completed by clients before 3:00 PM on March 12, 2026
- Members must monitor and cancel transactions where clients have not initiated funds by 9:00 AM on T+1 day
Important Dates
- February 26, 2026: NFO subscription opens
- March 12, 2026: NFO subscription closes (midnight for lumpsum; 3:00 PM for SIP/XSIP authentication)
- March 17, 2026: Tentative allotment date; clear funds must be in ICCL Account by 6:00 PM
Impact Assessment
This circular has limited market impact and is relevant primarily to BSE members facilitating mutual fund transactions on the BSE StAR MF Platform. Investors interested in small cap equity exposure through a new AMC (ABAKKUS Mutual Fund) may participate. The operational requirements around fund clearance timelines and SIP authentication deadlines are standard for NFO launches on the platform.
Impact Justification
Routine NFO launch notification for a new small cap mutual fund scheme on BSE StAR MF platform; affects only members and investors interested in this specific fund, with no broader market or regulatory implications.