Description

DSP Mutual Fund is launching the DSP BSE TOP 10 BANKS ETF NFO on the 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 is launching the DSP BSE TOP 10 BANKS ETF NFO on the BSE StAR MF Platform. The NFO subscription window opens on February 27, 2026, and closes on March 04, 2026, with allotment expected on March 06, 2026.

Key Points

  • DSP Mutual Fund is offering two schemes under this NFO: DSP BSE TOP 10 BANKS ETF and DSP BSE TOP 10 BANKS ETF - DIRECT PLAN, both under the Equity category.
  • NFO period: February 27, 2026 to March 04, 2026.
  • Tentative allotment date for both schemes: March 06, 2026.
  • Transactions where clients have not initiated funds by 9:00 AM on T+1 day (including the extended NFO period) will be cancelled, and a CC with N flag will be reported to the RTA/AMC.
  • Transactions with payment initiated will remain pending until 3:00 PM on the last day of funds payout to the AMC, or T+5, whichever is earlier.
  • The NFO will be extended till midnight on March 04, 2026, for lumpsum purchases only on BSE StAR MF Platform.

Regulatory Changes

No new regulatory changes are introduced. This is a standard operational notice for an NFO launch under existing BSE StAR MF Platform guidelines.

Compliance Requirements

  • Members must ensure clear funds are available in the ICCL Account by 6:00 PM on March 05, 2026 for allotment of units.
  • Cheque and OTM payments are acceptable during the NFO period, subject to receipt of clear funds in the ICCL account by 6:00 PM on March 05, 2026.
  • Members must monitor and manage transactions where client funds have not been initiated by the T+1 9:00 AM deadline to avoid cancellations.

Important Dates

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

Impact Assessment

This notice has low market impact and is relevant primarily to BSE members and investors interested in banking sector ETFs. The DSP BSE TOP 10 BANKS ETF targets equity exposure to the top 10 banking stocks, making it relevant for investors seeking focused banking sector participation. Members on the BSE StAR MF Platform need to be aware of the fund transfer deadlines to avoid transaction cancellations.

Impact Justification

Routine NFO launch notice for a new banking sector ETF on BSE StAR MF Platform; operational impact is limited to members and investors transacting in this specific fund.