Description

DSP Mutual Fund is launching the 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. The NFO subscription window runs from February 27, 2026 to March 04, 2026, with units to be allotted tentatively on March 06, 2026.

Key Points

  • Two scheme variants are being offered: DSP BSE TOP 10 BANKS ETF (regular) and DSP BSE TOP 10 BANKS ETF - DIRECT PLAN, both categorised as Equity.
  • NFO period: February 27, 2026 to March 04, 2026 (extended till midnight for lumpsum purchases on BSE StAR MF Platform).
  • Tentative allotment date for both schemes: March 06, 2026.
  • Clear funds must be available in the ICCL Account by 6:00 PM on March 05, 2026.
  • Cheque and OTM payments are acceptable during the NFO period, subject to receipt of clear funds in the ICCL account by the above deadline.

Regulatory Changes

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

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1; transactions without initiated funds by this time will be cancelled and CC with N flag will be reported to the RTA/AMC.
  • Transactions with initiated payments will remain pending until 3:00 PM on the last day of fund payout to the AMC, or T+5, whichever is earlier.
  • Members must ensure clear funds are credited to the ICCL Account by 6:00 PM on March 05, 2026 to secure unit allotment for clients.

Important Dates

  • February 27, 2026: NFO subscription opens.
  • March 04, 2026: NFO subscription closes (extended till midnight for lumpsum purchases).
  • March 05, 2026 by 6:00 PM: Deadline for clear funds in ICCL Account.
  • March 06, 2026: Tentative allotment date for DSP BSE TOP 10 BANKS ETF and DSP BSE TOP 10 BANKS ETF - DIRECT PLAN.

Impact Assessment

This circular has low market impact as it is a routine NFO announcement. It is operationally relevant only to BSE members participating on the BSE StAR MF platform who need to manage client transaction timelines and fund settlement for the DSP BSE TOP 10 BANKS ETF. No disruption to existing trading or market operations is expected.

Impact Justification

Routine NFO launch announcement for a new banking equity ETF on the BSE StAR MF platform; primarily operational guidance for members on transaction and fund settlement timelines.