Description
BSE informs members that Canara Robeco Mutual Fund will launch the Canara Robeco Banking and Financial Services Fund NFO with SIP facility on the BSE StAR MF Platform from February 27 to March 13, 2026, with tentative allotment on March 20, 2026.
Summary
BSE has notified members that Canara Robeco Mutual Fund will launch the Canara Robeco Banking and Financial Services Fund as a New Fund Offer (NFO) with SIP/XSIP facility on the BSE StAR MF Platform. The NFO subscription window runs from February 27, 2026 to March 13, 2026, covering six plan/option variants across Regular and Direct plans.
Key Points
- NFO period: February 27, 2026 to March 13, 2026 on BSE StAR MF Platform
- Six scheme variants available: Regular and Direct plans each with Growth, IDCW Payout, and IDCW Reinvestment options
- Tentative allotment date: March 20, 2026
- Lumpsum purchases extended till midnight on March 13, 2026
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date
- 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
- Pending transactions (where payment is initiated) remain in the 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 received in ICCL account by 6:00 PM on March 18, 2026
- Switches accepted during NFO period only if funds received on or before the allotment date
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Tentative Allotment |
|---|---|---|---|---|
| 1 | Canara Robeco Banking and Financial Services Fund - Regular Plan - Growth | Equity | INF760K01LM1 | 20-Mar-2026 |
| 2 | Canara Robeco Banking and Financial Services Fund - Regular Plan - IDCW Payout | Equity | INF760K01LO7 | 20-Mar-2026 |
| 3 | Canara Robeco Banking and Financial Services Fund - Regular Plan - IDCW Reinvestment | Equity | INF760K01LQ2 | 20-Mar-2026 |
| 4 | Canara Robeco Banking and Financial Services Fund - Direct Plan - Growth | Equity | INF760K01LN9 | 20-Mar-2026 |
| 5 | Canara Robeco Banking and Financial Services Fund - Direct Plan - IDCW Payout | Equity | INF760K01LP4 | 20-Mar-2026 |
| 6 | Canara Robeco Banking and Financial Services Fund - Direct Plan - IDCW Reinvestment | Equity | INF760K01LR0 | 20-Mar-2026 |
Regulatory Changes
No regulatory changes. This is a standard NFO launch notification under existing BSE StAR MF operational framework.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on March 18, 2026 to qualify for allotment
- SIP/XSIP authentication must be completed by clients before 3:00 PM on March 13, 2026 (NFO closure date)
- Switches will only be processed if switch-out funds are received on or before the allotment date of March 20, 2026
Important Dates
- February 27, 2026: NFO subscription opens
- March 13, 2026: NFO subscription closes; lumpsum extended till midnight; SIP/XSIP auth deadline at 3:00 PM
- March 18, 2026: Deadline for clear funds in ICCL Account (6:00 PM)
- March 20, 2026: Tentative allotment date
Impact Assessment
This is a routine operational circular relevant to BSE member brokers and their clients who participate in the BSE StAR MF mutual fund distribution platform. The fund focuses on the banking and financial services sector (equity category). Impact is limited to platform participants and prospective investors in this NFO; no broader market or systemic impact is anticipated.
Impact Justification
Routine NFO launch notification for a new equity mutual fund scheme; affects only members and investors participating in the BSE StAR MF platform with no broad market or regulatory impact.