Description
ICICI Prudential Mutual Fund launches a New Fund Offer (NFO) for ICICI Prudential 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 notified members that ICICI Prudential Mutual Fund will offer the ICICI Prudential Diversified Equity All Cap Active FOF as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO subscription window runs from March 2, 2026 to March 16, 2026, with a tentative allotment date of March 20, 2026.
Key Points
- Two scheme variants are being offered: Regular Plan – Growth (ISIN: INF109K1A450) and Direct Plan – Growth (ISIN: INF109K1A468), both categorised as Equity FOF.
- NFO period: March 2, 2026 to March 16, 2026; extended till midnight on March 16 for lumpsum purchases only.
- Tentative allotment date: March 20, 2026.
- Clear funds must be available in the ICCL Account by 6:00 PM on March 19, 2026.
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date (March 16, 2026).
- Cheque and OTM payments are acceptable during the NFO period, subject to clear funds reaching ICCL by the deadline.
- Transactions where clients have not initiated funds by 9:00 AM on T+1 day (including extended NFO period transactions) will be cancelled, with a CC N-flag reported to RTA/AMC.
- Pending transactions (where payment is initiated) will remain in the system until 3:00 PM on the last day of fund payout to AMC, or T+5, whichever is earlier.
- Switches are accepted during the NFO period only if funds under the switch-out scheme are received before the allotment date; funds received on or after the allotment date will not be considered.
Regulatory Changes
No new regulatory changes are introduced. This circular operationalises existing BSE StAR MF NFO procedures for this specific fund offer.
Compliance Requirements
- Members/Distributors: Inform clients of the NFO window, payment deadlines, and SIP authentication requirements.
- Clients: Must initiate fund transfers by 9:00 AM on T+1 to avoid cancellation. SIP/XSIP authentication must be done before 3:00 PM on March 16, 2026.
- Fund Payment: Clear funds must reach the ICCL Account by 6:00 PM on March 19, 2026 for unit allotment eligibility.
- Switch Transactions: Ensure switch-out funds are received before the allotment date of March 20, 2026.
Important Dates
| Date | Event |
|---|---|
| March 2, 2026 | NFO subscription opens |
| March 16, 2026 | NFO subscription closes (3:00 PM for SIP/XSIP; midnight for lumpsum) |
| March 19, 2026 | Deadline for clear funds in ICCL Account (6:00 PM) |
| March 20, 2026 | Tentative allotment date |
Impact Assessment
This circular is operationally relevant to BSE StAR MF platform members (brokers and distributors) and their mutual fund clients. The NFO introduces two equity FOF schemes and imposes specific transaction and payment timelines that members must communicate to clients. The impact is moderate for participating distributors who need to ensure client compliance with fund transfer and SIP authentication deadlines. No broad market or regulatory impact is anticipated.
Impact Justification
Operational notice relevant to mutual fund distributors and investors on BSE StAR MF platform; introduces a new FOF scheme with specific transaction deadlines and payment rules but does not affect broader market regulations.