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, with tentative allotment on March 30, 2026.
Summary
BSE has informed members that GROWW Mutual Fund is launching the GROWW NIFTY PSU BANK INDEX FUND NFO with SIP facility on the BSE StAR MF Platform. The NFO is open from March 06, 2026, to March 20, 2026, covering six scheme variants across Regular and Direct plans with Growth and IDCW options. Tentative allotment date is March 30, 2026.
Key Points
- NFO period: March 06, 2026 to March 20, 2026 on BSE StAR MF Platform
- Six scheme variants offered: Regular and Direct plans each with Growth, IDCW Payout, and IDCW Reinvestment options
- Tentative allotment date: March 30, 2026
- Lumpsum purchases extended till midnight on March 20, 2026 on BSE StAR MF Platform
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date
- Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
Scheme Details
| Sr. No. | Scheme Name | Category | ISIN |
|---|---|---|---|
| 1 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - GROWTH | EQUITY | INF666M01OK4 |
| 2 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - IDCW PAYOUT | EQUITY | INF666M01OL2 |
| 3 | GROWW NIFTY PSU BANK INDEX FUND - REGULAR PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OM0 |
| 4 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - GROWTH | EQUITY | INF666M01OH0 |
| 5 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - IDCW PAYOUT | EQUITY | INF666M01OI8 |
| 6 | GROWW NIFTY PSU BANK INDEX FUND - DIRECT PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OJ6 |
Regulatory Changes
No regulatory changes introduced. This is a standard NFO launch notification under existing BSE StAR MF operational framework.
Compliance Requirements
- Members must ensure clients initiate funds before 9:00 AM on T+1 day; transactions without fund initiation will be cancelled with CC and N flag reported to RTA/AMC
- Pending transactions (where payment is initiated) remain in system till 3:00 PM on the last day of AMC funds payout or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on March 24, 2026 for allotment eligibility
- SIP/XSIP authentication must be completed by clients before 3:00 PM on March 20, 2026
- Switches are accepted during NFO period only if funds from the switch-out scheme are received on or before the allotment date
Important Dates
- March 06, 2026: NFO opens on BSE StAR MF Platform
- March 20, 2026: NFO closes; SIP/XSIP authentication deadline at 3:00 PM; lumpsum purchases extended till midnight
- March 24, 2026: Deadline for clear funds to be available in ICCL Account by 6:00 PM
- March 30, 2026: Tentative allotment date for all six scheme variants
Impact Assessment
This NFO provides BSE StAR MF platform members and their clients with access to a new passive equity index fund tracking PSU banks. Impact is moderate for mutual fund distributors who need to update their systems and inform clients. No broader market or regulatory impact anticipated. Members should note the strict funds timeline, particularly the ICCL account funding deadline of March 24, 2026, to ensure client allotments are not missed.
Impact Justification
Routine NFO launch announcement for a new index fund on BSE StAR MF platform; relevant to mutual fund distributors and investors interested in PSU bank sector exposure.