Description

Union Mutual Fund launches ARTHAYA EQUITY LONG SHORT FUND (SIF) NFO on BSE StAR MF Platform from May 4 to May 18, 2026, with 6 scheme variants across regular and direct plans.

Summary

BSE has announced the launch of the ARTHAYA EQUITY LONG SHORT FUND (SIF) - NFO by Union Mutual Fund on the BSE StAR MF Platform. The NFO opens on May 4, 2026, and closes on May 18, 2026, with SIP facility also available. Six scheme variants are being offered across regular and direct plans with growth and IDCW options.

Key Points

  • NFO period: May 4, 2026 to May 18, 2026 on BSE StAR MF Platform
  • Fund house: Union Mutual Fund; Fund category: Specialized Investment Fund (SIF) - Equity
  • Six scheme variants offered: Regular Plan (Growth, IDCW Reinvestment, IDCW Payout) and Direct Plan (Growth, IDCW Reinvestment, IDCW Payout)
  • SIP/XSIP registrations available but must be authenticated by clients by 3:00 PM on May 18, 2026
  • Lumpsum purchases extended till midnight on May 18, 2026
  • This notice references earlier notice 20260430-24 on introduction of SIF schemes

Regulatory Changes

No new regulatory changes. This is an operational notice for a new fund offer under the Specialized Investment Fund (SIF) framework already introduced via notice 20260430-24.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day; failing this, transactions will be cancelled and CC with ‘N’ flag reported to RTA/AMC
  • Transactions with initiated payment remain pending 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 25, 2026 (tentative allotment date)
  • Cheque and OTM payments accepted during NFO period subject to clear funds in ICCL account by 6:00 PM on May 25, 2026

Important Dates

  • May 4, 2026: NFO opens on BSE StAR MF Platform
  • May 18, 2026 (3:00 PM): Deadline for SIP/XSIP registration authentication by clients
  • May 18, 2026 (midnight): NFO closes for lumpsum purchases
  • May 25, 2026 (6:00 PM): Clear funds must be available in ICCL account; tentative allotment date

Impact Assessment

This notice is operationally relevant for BSE members and mutual fund distributors participating on the BSE StAR MF Platform. The ARTHAYA EQUITY LONG SHORT FUND is a Specialized Investment Fund (SIF) with an equity long-short strategy, representing a relatively new fund category in India. Members must carefully manage transaction timelines and fund availability to avoid cancellations. Broader market impact is limited as this is a new fund launch notice without systemic implications.

Impact Justification

Operational notice for a new mutual fund NFO launch; relevant to mutual fund distributors and investors on BSE StAR MF platform but limited broader market impact.