Description
Aditya Birla Sun Life Mutual Fund will offer Apex Hybrid Long-Short Fund (SIF) NFO from March 6 to March 18, 2026, on BSE StAR MF Platform, with tentative allotment date of March 25, 2026.
Summary
BSE has notified members that Aditya Birla Sun Life Mutual Fund will launch the Apex Hybrid Long-Short Fund (SIF) as a New Fund Offer (NFO) on the BSE StAR MF Platform from March 6, 2026 to March 18, 2026. This is a Specialized Investment Fund (SIF) offering six scheme variants across Regular and Direct plans with IDCW Payout, IDCW Reinvestment, and Growth options. This notice references earlier circular 20260304-55 regarding the introduction of SIFs on the platform.
Key Points
- NFO period: March 6, 2026 to March 18, 2026
- Six scheme variants available (Regular and Direct plans with Growth, IDCW Payout, IDCW Reinvestment options)
- All schemes are categorized as Equity under Specialized Investment Funds (SIF)
- Tentative allotment date: March 25, 2026
- Clear funds must be in ICCL Account by 6:00 PM on March 25, 2026
- NFO extended till midnight on March 18, 2026 for lumpsum purchases only
- Transactions where clients have not initiated funds by 9:00 AM on T+1 will be cancelled with CC N-flag reported to RTA/AMC
- Pending transactions (with initiated payment) remain in system till 3:00 PM on last day of funds payout to AMC or T+5, whichever is earlier
- Cheques and OTM payments accepted during NFO period subject to clear funds receipt by 6:00 PM on March 25, 2026
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | Apex Hybrid Long-Short Fund - Regular Plan - IDCW Payout | Equity | INF209K30057 | 25-Mar-26 |
| 2 | Apex Hybrid Long-Short Fund - Regular Plan - Growth | Equity | INF209K30040 | 25-Mar-26 |
| 3 | Apex Hybrid Long-Short Fund - Regular Plan - IDCW Reinvestment | Equity | INF209K30065 | 25-Mar-26 |
| 4 | Apex Hybrid Long-Short Fund - Direct Plan - IDCW Payout | Equity | INF209K30024 | 25-Mar-26 |
| 5 | Apex Hybrid Long-Short Fund - Direct Plan - Growth | Equity | INF209K30016 | 25-Mar-26 |
| 6 | Apex Hybrid Long-Short Fund - Direct Plan - IDCW Reinvestment | Equity | INF209K30032 | 25-Mar-26 |
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes the SIF framework previously introduced via notice 20260304-55, extending it to Aditya Birla Sun Life Mutual Fund’s Apex Hybrid Long-Short Fund.
Compliance Requirements
- BSE Members must inform clients of the NFO window and fund initiation deadlines
- Client funds must be initiated before 9:00 AM on T+1; failure results in transaction cancellation and CC N-flag reporting to RTA/AMC
- Clear funds must be available in ICCL Account by 6:00 PM on March 25, 2026 for allotment eligibility
- Members must ensure Cheque and OTM payment timelines align with the 6:00 PM March 25, 2026 deadline
Important Dates
- March 6, 2026: NFO opens
- March 18, 2026: NFO closes (extended till midnight for lumpsum purchases on BSE StAR MF)
- March 25, 2026: Tentative allotment date; clear funds deadline at 6:00 PM in ICCL Account
- T+1 at 9:00 AM: Deadline for clients to initiate funds, else transaction is cancelled
- T+5 or 3:00 PM on last payout day (whichever earlier): Pending transactions with initiated payment remain active until this time
Impact Assessment
This circular is of medium impact for mutual fund distributors and investors using the BSE StAR MF platform. It introduces a new hybrid long-short equity SIF from a major AMC (Aditya Birla Sun Life), which may attract interest from sophisticated investors seeking alternative strategy funds. Platform members need to operationally manage the strict fund-initiation and clear-funds deadlines to avoid transaction cancellations. No broader market or regulatory impact is expected beyond the specific NFO participants.
Impact Justification
Routine NFO launch circular relevant to mutual fund investors and BSE StAR MF platform members; introduces a new Specialized Investment Fund category scheme with specific operational deadlines.