Description
GROWW Mutual Fund is launching GROWW NIFTY PSU BANK INDEX FUND NFO with SIP facility on BSE StAR MF Platform from March 06 to March 20, 2026, offering six scheme variants across regular and direct plans.
Summary
BSE has informed members that GROWW Mutual Fund will launch the GROWW NIFTY PSU BANK INDEX FUND as an NFO with SIP/XSIP facility on the BSE StAR MF Platform. The NFO subscription window runs from March 06, 2026 to March 20, 2026, with six scheme variants spanning regular and direct plans across growth and IDCW options.
Key Points
- NFO subscription period: March 06, 2026 to March 20, 2026
- Six scheme variants offered: Regular and Direct plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
- Tentative allotment date for all schemes: March 30, 2026
- Lumpsum purchases extended till midnight on March 20, 2026 on BSE StAR MF Platform
- SIP/XSIP authentication must be completed by clients before 3:00 PM on the NFO closure date (March 20, 2026)
- Transactions where clients have not initiated funds by 9:00 AM on T+1 will be cancelled with CC and N flag reported to RTA/AMC
- Pending transactions (with initiated payment) will remain in system till 3:00 PM on the last day of funds payout to AMC or T+5, whichever is earlier
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN | Tentative Allotment Date |
|---|---|---|---|---|
| 1 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - GROWTH | EQUITY | INF666M01OK4 | 30-Mar-26 |
| 2 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - IDCW PAYOUT | EQUITY | INF666M01OL2 | 30-Mar-26 |
| 3 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OM0 | 30-Mar-26 |
| 4 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - GROWTH | EQUITY | INF666M01OH0 | 30-Mar-26 |
| 5 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - IDCW PAYOUT | EQUITY | INF666M01OI8 | 30-Mar-26 |
| 6 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OJ6 | 30-Mar-26 |
Regulatory Changes
No new regulatory changes. This is an operational notice for the launch of a new fund offer under existing BSE StAR MF Platform framework.
Compliance Requirements
- Members must ensure clients initiate fund transfers by 9:00 AM on T+1; failing this, transactions will be cancelled
- Clear funds must be available in the ICCL Account by 6:00 PM on March 24, 2026 for allotment eligibility
- Cheques and OTM payments are accepted during the NFO period subject to receipt of clear funds in ICCL account by 6:00 PM on March 24, 2026
- Switches are accepted during the NFO period only if switch-out funds are received on or before the allotment date; funds received after the allotment date will not qualify
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on the NFO closure date
Important Dates
- NFO Open Date: March 06, 2026
- NFO Close Date: March 20, 2026 (lumpsum extended till midnight)
- SIP/XSIP Authentication Deadline: 3:00 PM, March 20, 2026
- Clear Funds Deadline in ICCL Account: 6:00 PM, March 24, 2026
- Tentative Allotment Date: March 30, 2026
Impact Assessment
This notice is operationally relevant to BSE members and mutual fund distributors facilitating transactions on the BSE StAR MF Platform. Investors gain access to a new passive equity index fund tracking PSU bank stocks via the NIFTY PSU BANK Index. The fund offers broad plan variety. Members need to ensure timely fund settlement and client authentication processes are in place to avoid transaction cancellations.
Impact Justification
Routine NFO launch notice relevant to mutual fund distributors and investors; no systemic regulatory change, but operationally significant for members facilitating transactions on BSE StAR MF Platform.