Description
BSE informs members that SAPPHIRE EQUITY LONG-SHORT SIF will reopen for ongoing subscriptions, redemptions, and SIP facility on BSE StAR MF Platform effective May 4, 2026, with six scheme variants across regular and direct plans.
Summary
BSE has informed members that SAPPHIRE EQUITY LONG-SHORT SIF will reopen for ongoing subscriptions, redemptions, and SIP facility on the BSE StAR MF Platform with effect from May 04, 2026. This follows Notice No. 20260410-2 dated April 10, 2026. Six scheme variants are available under both Regular and Direct plans.
Key Points
- SAPPHIRE EQUITY LONG-SHORT SIF reopens for ongoing transactions on BSE StAR MF Platform from May 04, 2026
- Facility covers subscriptions, redemptions, and SIP
- Six scheme variants available across Regular and Direct plans
- All schemes fall under the EQUITY category
- ISINs assigned to each scheme variant
Regulatory Changes
No new regulatory changes introduced. This notice operationalises the earlier Notice No. 20260410-2 dated April 10, 2026, which had announced the reopening of this SIF.
Compliance Requirements
- Members (brokers/distributors) on BSE StAR MF Platform should update their systems to enable transactions in the listed SAPPHIRE EQUITY LONG-SHORT SIF schemes from May 04, 2026
- Ensure correct ISIN mapping for all six scheme variants before processing transactions
Important Dates
- April 10, 2026: Original notice (20260410-2) issued regarding reopening of the scheme
- April 30, 2026: This notice issued confirming scheme details and ISINs
- May 04, 2026: Effective date for reopening of ongoing subscriptions, redemptions, and SIP on BSE StAR MF Platform
Impact Assessment
This notice has a moderate operational impact on mutual fund distributors and investors using the BSE StAR MF Platform. Investors in SAPPHIRE EQUITY LONG-SHORT SIF can resume transactions from May 4, 2026. The scheme covers six variants:
| Sr. No. | Scheme Name | Category | ISIN |
|---|---|---|---|
| 1 | SAPPHIRE EQUITY LONG-SHORT SIF - REGULAR PLAN - GROWTH | EQUITY | INF090I30014 |
| 2 | SAPPHIRE EQUITY LONG-SHORT SIF - REGULAR PLAN - IDCW REINVESTMENT | EQUITY | INF090I30022 |
| 3 | SAPPHIRE EQUITY LONG-SHORT SIF - REGULAR PLAN - IDCW PAYOUT | EQUITY | INF090I30030 |
| 4 | SAPPHIRE EQUITY LONG-SHORT SIF - DIRECT PLAN - GROWTH | EQUITY | INF090I30048 |
| 5 | SAPPHIRE EQUITY LONG-SHORT SIF - DIRECT PLAN - IDCW REINVESTMENT | EQUITY | INF090I30055 |
| 6 | SAPPHIRE EQUITY LONG-SHORT SIF - DIRECT PLAN - IDCW PAYOUT | EQUITY | INF090I30063 |
No broader market impact anticipated; this is a platform-level operational enablement notice.
Impact Justification
Operational notice relevant to mutual fund distributors and investors on BSE StAR MF Platform; affects access to a specific SIF scheme but has no broad regulatory or market-wide impact.