Description
GROWW Mutual Fund is launching the GROWW Arbitrage Fund NFO with SIP facility on BSE StAR MF Platform from April 8 to April 22, 2026, with tentative allotment on April 29, 2026.
Summary
BSE has notified members that GROWW Mutual Fund will offer the GROWW Arbitrage Fund NFO, along with SIP facility, on the BSE StAR MF Platform from April 8, 2026 to April 22, 2026. Six scheme variants are available across Regular and Direct plans with Growth and IDCW (Payout/Reinvestment) options. The tentative allotment date is April 29, 2026.
Key Points
- NFO period: April 8, 2026 to April 22, 2026 on BSE StAR MF Platform
- Six scheme variants offered (Regular and Direct Plans with Growth, IDCW Payout, IDCW Reinvestment options)
- All six schemes are categorized as Equity with tentative allotment date of April 29, 2026
- NFO extended till midnight of April 22, 2026 for lumpsum purchases only
- SIP/XSIP authentication must be completed before 3:00 PM on NFO closure date
Regulatory Changes
No new regulatory changes introduced. This is an operational notice for the launch of a new mutual fund scheme on the BSE StAR MF platform.
Compliance Requirements
- Transactions where clients have not initiated funds by 9:00 AM on T+1 day will be cancelled; CC with N flag will be reported to RTA/AMC
- Transactions with initiated payment remain pending until 3:00 PM on the last day of funds payout to AMC, or T+5, whichever is earlier
- Clear funds must be available in the ICCL Account by 6:00 PM on April 24, 2026 to be eligible for allotment
- Cheques and OTM payments accepted during NFO period subject to clear funds reaching ICCL by 6:00 PM on April 24, 2026
- Switch-out scheme funds must be received before the allotment date; funds received on or after allotment date will not be considered
Important Dates
- April 8, 2026: NFO opens on BSE StAR MF Platform
- April 22, 2026: NFO closes (extended till midnight for lumpsum purchases); SIP/XSIP authentication deadline at 3:00 PM
- April 24, 2026: Clear funds must reach ICCL Account by 6:00 PM for allotment eligibility
- April 29, 2026: Tentative allotment date for all six scheme variants
Impact Assessment
This notice impacts mutual fund distributors, members, and investors using the BSE StAR MF Platform. Members must ensure clients are aware of the fund transfer deadlines (April 24, 2026 by 6:00 PM) to avoid transaction cancellations. The six scheme variants across Regular/Direct and Growth/IDCW options provide flexibility for investors. The arbitrage fund category targets low-risk equity investors seeking arbitrage opportunities between cash and futures markets.
Scheme Details
| Sr. No | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | GROWW Arbitrage Fund - Regular Plan - Growth | Equity | INF666M01OQ1 | 29-Apr-26 |
| 2 | GROWW Arbitrage Fund - Regular Plan - IDCW Payout | Equity | INF666M01OR9 | 29-Apr-26 |
| 3 | GROWW Arbitrage Fund - Regular Plan - IDCW Reinvestment | Equity | INF666M01OS7 | 29-Apr-26 |
| 4 | GROWW Arbitrage Fund - Direct Plan - Growth | Equity | INF666M01ON8 | 29-Apr-26 |
| 5 | GROWW Arbitrage Fund - Direct Plan - IDCW Payout | Equity | INF666M01OO6 | 29-Apr-26 |
| 6 | GROWW Arbitrage Fund - Direct Plan - IDCW Reinvestment | Equity | INF666M01OP3 | 29-Apr-26 |
Impact Justification
Routine NFO launch notice relevant to mutual fund distributors and investors on BSE StAR MF platform; operational deadlines are critical for participation but market-wide impact is limited.