Description

DSP Mutual Fund is launching DSP BSE TOP 10 BANKS ETF NFO on BSE StAR MF Platform from February 27 to March 04, 2026, with tentative allotment on March 06, 2026.

Summary

BSE has informed members that DSP Mutual Fund will launch the DSP BSE TOP 10 BANKS ETF NFO on the BSE StAR MF Platform from February 27, 2026, to March 04, 2026. The NFO covers two plans — regular and direct — both under the Equity category, with a tentative allotment date of March 06, 2026.

Key Points

  • NFO period: February 27, 2026 to March 04, 2026 on BSE StAR MF Platform
  • Two schemes offered: DSP BSE TOP 10 BANKS ETF and DSP BSE TOP 10 BANKS ETF - DIRECT PLAN (both Equity category)
  • Tentative allotment date: March 06, 2026
  • NFO extended till midnight on March 04, 2026, for lumpsum purchases only
  • Transactions where the client has not initiated funds by 9:00 AM on T+1 day will be cancelled and CC with N flag will be reported to RTA/AMC
  • Pending transactions (where payment is initiated) remain in system till 3:00 PM on the last day of AMC fund payout or T+5, whichever is earlier

Regulatory Changes

No regulatory changes. This is a standard NFO launch notification under existing BSE StAR MF operational guidelines.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on March 05, 2026, for unit allotment
  • Cheque and OTM payments are acceptable during the NFO period, subject to clear funds being received in the ICCL account by 6:00 PM on March 05, 2026
  • Members should note the cancellation policy for transactions where clients have not initiated fund transfer by 9:00 AM on T+1

Important Dates

  • NFO Open Date: February 27, 2026
  • NFO Close Date: March 04, 2026 (extended till midnight for lumpsum purchases)
  • Clear Funds Deadline in ICCL Account: March 05, 2026 by 6:00 PM
  • Tentative Allotment Date: March 06, 2026

Impact Assessment

This circular has limited market-wide impact. It is operationally relevant to BSE members and distributors participating in mutual fund transactions via the BSE StAR MF platform. Investors seeking exposure to the top 10 banking sector stocks through a passive ETF structure may find this NFO of interest. The banking sector focus means performance will be correlated with the financial sector’s performance on the BSE index.

Impact Justification

Routine NFO launch notice for a new ETF on BSE StAR MF platform; relevant only to mutual fund distributors and investors interested in the banking sector ETF.