Description

ICICI Prudential Mutual Fund launches NFO for Diversified Equity All Cap Active FOF with SIP facility on BSE StAR MF Platform from March 2 to March 16, 2026, with tentative allotment on March 20, 2026.

Summary

BSE has informed members that ICICI Prudential Mutual Fund will launch the ICICI Prudential Diversified Equity All Cap Active FOF as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO subscription window runs from March 2, 2026 to March 16, 2026, with SIP facility available. Tentative allotment is scheduled for March 20, 2026.

Key Points

  • NFO period: March 2, 2026 to March 16, 2026 on BSE StAR MF Platform
  • Two scheme variants offered: Regular Plan – Growth (ISIN: INF109K1A450) and Direct Plan – Growth (ISIN: INF109K1A468)
  • Tentative allotment date: March 20, 2026
  • Clear funds must be available in ICCL Account by 6:00 PM on March 19, 2026
  • NFO extended till midnight on March 16, 2026 for lumpsum purchases only
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date
  • Transactions where clients have not initiated funds by 9:00 AM on T+1 day will be cancelled
  • Cheques and OTM payments acceptable during NFO period subject to clearance of funds in ICCL account by 6:00 PM on March 19, 2026

Regulatory Changes

No new regulatory changes introduced. This circular is an operational notice under existing BSE StAR MF platform guidelines for NFO processing.

Compliance Requirements

  • Members must ensure clients initiate fund transfers by 9:00 AM on T+1 day to avoid transaction cancellation
  • Pending transactions (where payment is initiated) will remain in system until 3:00 PM on the last day of AMC funds payout or T+5, whichever is earlier
  • Clear funds must reach ICCL Account by 6:00 PM on March 19, 2026 for allotment eligibility
  • SIP/XSIP authentication by clients must be completed before 3:00 PM on March 16, 2026
  • Switch transactions must have funds received under NFO scheme before the allotment date; funds received on or after allotment date will not be considered

Important Dates

  • March 2, 2026: NFO subscription opens
  • March 16, 2026: NFO subscription closes (extended till midnight for lumpsum; SIP/XSIP auth deadline 3:00 PM)
  • March 19, 2026: Clear funds deadline in ICCL Account (6:00 PM)
  • March 20, 2026: Tentative allotment date for both scheme variants

Impact Assessment

This notice is relevant to BSE member firms offering mutual fund transactions through the BSE StAR MF platform. Members need to ensure clients are aware of the fund transfer deadlines to avoid cancellation of NFO transactions. The scheme category is Equity (Fund of Funds), targeting investors seeking diversified equity exposure across market capitalizations. Operational risk is low if members communicate the payment and SIP authentication deadlines clearly to clients.

Impact Justification

Operational notice for BSE StAR MF platform members regarding a new mutual fund NFO; relevant to members dealing in mutual funds but limited in broader market impact.