Description
CANARA ROBECO Banking and Financial Services Fund NFO opens February 27 to March 13, 2026 on BSE StAR MF Platform with SIP facility across 6 scheme variants. Tentative allotment date is March 20, 2026.
Summary
BSE has informed members that CANARA ROBECO Mutual Fund will launch the CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND as a New Fund Offer (NFO) on the BSE StAR MF Platform from February 27, 2026 to March 13, 2026, with SIP facility. The fund is an equity scheme available in Regular and Direct plans across Growth, IDCW Payout, and IDCW Reinvestment options. Tentative allotment date is March 20, 2026.
Key Points
- NFO period: February 27, 2026 to March 13, 2026 on BSE StAR MF Platform
- Six scheme variants offered under Regular and Direct plans (Growth, IDCW Payout, IDCW Reinvestment)
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on the NFO closure date (March 13, 2026)
- Transactions without client-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 payments remain pending until 3:00 PM on the last fund payout day or T+5, whichever is earlier
- Extended NFO period till midnight on March 13, 2026 for lumpsum purchases only
- Switches accepted during NFO period only if funds received on or before the allotment date
Regulatory Changes
No new regulatory changes. This is a standard operational notice for NFO launch on BSE StAR MF Platform per existing mutual fund transaction processing rules.
Compliance Requirements
- Members must ensure clients initiate funds 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 for allotment eligibility
- Cheques and OTM payments acceptable during NFO period subject to clear fund receipt by 6:00 PM on March 18, 2026
- SIP/XSIP authentication must be completed by 3:00 PM on March 13, 2026
- Switch-out funds received after the NFO allotment date will not be considered for allotment
Important Dates
| Date | Event |
|---|---|
| February 27, 2026 | NFO opens |
| March 13, 2026 | NFO closes; SIP/XSIP authentication deadline at 3:00 PM; Lumpsum purchases extended till midnight |
| March 18, 2026 | Clear funds must be in ICCL Account by 6:00 PM |
| March 20, 2026 | Tentative 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 |
Impact Assessment
This circular is operationally relevant to BSE members and distributors facilitating mutual fund transactions on the BSE StAR MF platform. Investors in banking and financial services sector equity funds gain a new investment avenue. The strict fund initiation and clearing deadlines require members to ensure timely client communication to avoid transaction cancellations. No broader market impact is anticipated.
Impact Justification
Operational notice relevant to mutual fund distributors and investors using BSE StAR MF platform; affects transaction processing timelines and fund availability for a new equity scheme targeting banking and financial services sector.