Description
CANARA ROBECO Mutual Fund is launching CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND NFO with SIP facility on BSE StAR MF Platform from February 27 to March 13, 2026, across six scheme variants with tentative allotment on March 20, 2026.
Summary
BSE has informed members that CANARA ROBECO Mutual Fund is launching the CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO opens on February 27, 2026, and closes on March 13, 2026, with a tentative allotment date of March 20, 2026.
Key Points
- NFO period: February 27, 2026 to March 13, 2026 on BSE StAR MF Platform
- Six scheme variants offered: Regular and Direct Plans across Growth, IDCW Payout, and IDCW Reinvestment options
- All six schemes are categorised as Equity funds
- Tentative allotment date is March 20, 2026
- Clear funds must be available in ICCL Account by 6:00 PM on March 18, 2026
- NFO extended till midnight on March 13, 2026 for lumpsum purchases only
- SIP/XSIP registration authentication must be completed by 3:00 PM on the NFO closure date (March 13, 2026)
- Transactions where clients have not initiated funds by 9:00 AM on T+1 day will be cancelled with a CC and N flag reported to RTA/AMC
- Transactions with initiated payment remain pending until 3:00 PM on the last day of AMC fund payout, or T+5, whichever is earlier
- Cheques and OTM payments are acceptable during the NFO period, subject to clear funds in ICCL by 6:00 PM on March 18, 2026
- Switches are accepted during NFO period only if switch-out funds are received on or before the allotment date
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - REGULAR PLAN - GROWTH | Equity | INF760K01LM1 | 20-Mar-26 |
| 2 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - REGULAR PLAN - IDCW PAYOUT | Equity | INF760K01LO7 | 20-Mar-26 |
| 3 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - REGULAR PLAN - IDCW REINVESTMENT | Equity | INF760K01LQ2 | 20-Mar-26 |
| 4 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - DIRECT PLAN - GROWTH | Equity | INF760K01LN9 | 20-Mar-26 |
| 5 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - DIRECT PLAN - IDCW PAYOUT | Equity | INF760K01LP4 | 20-Mar-26 |
| 6 | CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND - DIRECT PLAN - IDCW REINVESTMENT | Equity | INF760K01LR0 | 20-Mar-26 |
Regulatory Changes
No regulatory changes introduced. This is an operational notice for the launch of a new mutual fund scheme on the BSE StAR MF Platform.
Compliance Requirements
- Members must ensure client funds are initiated before 9:00 AM on T+1 to avoid transaction cancellation
- Members must ensure clear funds are available in ICCL Account by 6:00 PM on March 18, 2026 for allotment eligibility
- SIP/XSIP authentication by clients must be completed before 3:00 PM on March 13, 2026
- Switch transactions must have funds received under the NFO scheme on or before the allotment date; late switch-out funds will not be considered for allotment
Important Dates
- February 27, 2026: NFO opens on BSE StAR MF Platform
- March 13, 2026 (3:00 PM): Deadline for SIP/XSIP registration authentication by clients
- March 13, 2026 (Midnight): NFO closes; extended till midnight for lumpsum purchases
- March 18, 2026 (6:00 PM): Deadline for clear funds to be available in ICCL Account
- March 20, 2026: Tentative allotment date for all six scheme variants
Impact Assessment
This notice has a limited and routine operational impact, relevant primarily to BSE members and their clients participating in mutual fund transactions on BSE StAR MF Platform. There is no broader market-wide impact. Members dealing in mutual fund transactions should update their systems to accommodate the new ISINs and communicate the NFO timeline, payment deadlines, and SIP authentication requirements to their clients. The fund focuses on the Banking and Financial Services sector, making it relevant to investors seeking thematic equity exposure.
Impact Justification
Routine mutual fund NFO launch notice for a single AMC's new equity scheme; affects only members and clients transacting on BSE StAR MF Platform with no broader market-wide regulatory or compliance implications.