Description

BSE announces availability of two INVESCO Mutual Fund New Fund Offers — INVESCO INDIA BSE SENSEX INDEX FUND and INVESCO INDIA NIFTY BANK INDEX FUND — on BSE StAR MF Platform from April 23 to May 7, 2026, with SIP facility.

Summary

BSE has informed its members that INVESCO Mutual Fund is launching two New Fund Offers (NFOs) — INVESCO INDIA BSE SENSEX INDEX FUND and INVESCO INDIA NIFTY BANK INDEX FUND — on the BSE StAR MF Platform. Both are equity schemes open for subscription from April 23, 2026, to May 7, 2026, with SIP facility available.

Key Points

  • Two NFO schemes launched: INVESCO INDIA BSE SENSEX INDEX FUND and INVESCO INDIA NIFTY BANK INDEX FUND (both Equity type)
  • Subscription window: April 23, 2026 to May 07, 2026 on BSE StAR MF Platform
  • Tentative allotment date for both schemes: May 13, 2026
  • SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on May 07, 2026
  • Lumpsum purchases extended till midnight of May 07, 2026
  • Full scheme details including plans and options provided in an Annexure

Regulatory Changes

No regulatory changes. This is an operational notice for BSE members regarding the availability of new mutual fund schemes on the BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day; failing this, transactions will be cancelled and CC with ‘N’ flag will be reported to RTA/AMC
  • Pending transactions (where payment is initiated) will remain in the system until 3:00 PM on the last day of funds pay-out to AMC or T+5 day, whichever is earlier
  • Clear funds must be available in the ICCL account by 6:00 PM on May 13, 2026 (allotment date)
  • Cheque and OTM payments accepted during NFO period only if clear funds reach ICCL by 6:00 PM on May 13, 2026
  • Switch-out funds received on or after the allotment date will not be considered for allotment
  • For Monthly SIP/XSIP within specified investment ranges, minimum number of installments must be correctly selected to avoid rejection by AMC/RTA

Important Dates

  • April 23, 2026: NFO subscription opens on BSE StAR MF Platform
  • May 07, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication by clients
  • May 07, 2026, midnight: Extended deadline for Lumpsum purchases
  • May 13, 2026, 6:00 PM: Clear funds must be available in ICCL account for allotment eligibility
  • May 13, 2026: Tentative allotment date for both schemes

Impact Assessment

This notice is operationally relevant for BSE members (distributors/brokers) who facilitate mutual fund transactions on BSE StAR MF Platform. Investors interested in passive index funds tracking the BSE SENSEX or NIFTY BANK indices now have an INVESCO-branded option. The NFO is limited in broad market impact but provides additional product choice in the growing index fund category. Members need to ensure proper transaction handling, funds initiation timelines, and SIP registration compliance to avoid cancellations.

Impact Justification

Routine NFO launch notice relevant to mutual fund distributors and investors on BSE StAR MF platform; no broad market or regulatory impact but operationally important for members placing transactions under these schemes.