Description
BSE announces the launch of Kotak Multi Asset Active FOF NFO with SIP facility on BSE StAR MF Platform from April 8 to April 22, 2026, with tentative allotment date of April 27, 2026.
Summary
BSE has notified members that Kotak Mahindra Mutual Fund will offer the Kotak Multi Asset Active FOF NFO with SIP facility on the BSE StAR MF Platform from April 8, 2026, to April 22, 2026. Six scheme variants (Regular and Direct Plans with Growth, IDCW Payout, and IDCW Reinvestment options) are available, all categorised under Equity with a tentative allotment date of April 27, 2026.
Key Points
- NFO period: April 8, 2026 to April 22, 2026 on BSE StAR MF Platform
- Six scheme variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
- All schemes categorised as Equity (Fund of Funds structure)
- Tentative allotment date: April 27, 2026
- Lumpsum purchases extended till midnight of April 22, 2026
- SIP/XSIP authentication must be completed before 3:00 PM on NFO closure date
- Transactions where client has not initiated funds by 9:00 AM on T+1 will be cancelled
Regulatory Changes
No new regulatory changes. This is a standard NFO launch notification under existing BSE StAR MF Platform operational guidelines.
Compliance Requirements
- Members must ensure clients initiate fund transfers by 9:00 AM on T+1; failing which transactions will be cancelled and CC with N flag reported to RTA/AMC
- Clear funds must be available in the ICCL Account by 6:00 PM on April 24, 2026 for allotment eligibility
- 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
- SIP/XSIP registration authentication by clients must be completed before 3:00 PM on April 22, 2026
Important Dates
- April 8, 2026: NFO opens on BSE StAR MF Platform
- April 22, 2026: NFO closes (lumpsum extended till midnight; SIP/XSIP auth deadline 3:00 PM)
- April 24, 2026: Clear funds must reach ICCL Account by 6:00 PM for allotment eligibility
- April 27, 2026: Tentative allotment date
Impact Assessment
This notice is operationally relevant to BSE members facilitating mutual fund transactions on the BSE StAR MF Platform. The six scheme variants of Kotak Multi Asset Active FOF provide members’ clients with new investment options in an equity-categorised FOF structure. Members need to ensure proper fund collection timelines and client authentication are followed to avoid transaction cancellations. No broad market impact expected.
Impact Justification
Routine NFO launch notice for mutual fund members on BSE StAR MF platform; relevant to members dealing in mutual fund transactions but not a broad market-wide regulatory change.