Description
GROWW Mutual Fund is launching the GROWW NIFTY PRIVATE BANK INDEX FUND NFO with SIP facility on BSE StAR MF Platform from May 6 to May 20, 2026, with tentative allotment on May 27, 2026.
Summary
BSE has notified trading members that GROWW Mutual Fund will be launching the GROWW NIFTY PRIVATE BANK INDEX FUND as a New Fund Offer (NFO) with SIP/XSIP facility on the BSE StAR MF Platform. The NFO subscription window runs from May 6, 2026 to May 20, 2026, with six scheme variants covering Regular and Direct plans across Growth, IDCW Payout, and IDCW Reinvestment options.
Key Points
- NFO period: May 6, 2026 to May 20, 2026 (extended till midnight for Lumpsum purchases)
- Six scheme variants across Regular/Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
- Tentative allotment date: May 27, 2026
- Clear funds must be in the ICCL account by 6:00 PM on May 22, 2026
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- SIP/XSIP registrations must be authenticated by clients by 3:00 PM on May 20, 2026
- Cheque and OTM payments accepted subject to clear fund receipt by May 22, 2026
- Switch-out funds received on or after the allotment date will not be considered for allotment
Regulatory Changes
No regulatory changes. This is a standard operational notice for a new mutual fund NFO launch on the BSE StAR MF Platform.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
- Pending transactions (with payment initiated) will be held until 3:00 PM on the last day of funds pay-out or T+5 day, whichever is earlier
- Members must ensure SIP/XSIP client authentications are completed by 3:00 PM on May 20, 2026
- Clear funds must be available in ICCL account by 6:00 PM on May 22, 2026 for allotment eligibility
Important Dates
| Date | Event |
|---|---|
| May 6, 2026 | NFO subscription opens |
| May 20, 2026 | NFO subscription closes (3:00 PM for SIP/XSIP authentication; midnight for Lumpsum) |
| May 22, 2026 | Clear funds deadline in ICCL account (6:00 PM) |
| May 27, 2026 | Tentative allotment date |
Scheme Details
| Sr. No | Scheme Name | Category | ISIN | Allotment Date |
|---|---|---|---|---|
| 1 | GROWW NIFTY PRIVATE BANK INDEX FUND - REGULAR PLAN - GROWTH | EQUITY | INF666M01OX7 | 27-May-26 |
| 2 | GROWW NIFTY PRIVATE BANK INDEX FUND - REGULAR PLAN - IDCW PAYOUT | EQUITY | INF666M01OY5 | 27-May-26 |
| 3 | GROWW NIFTY PRIVATE BANK INDEX FUND - REGULAR PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OZ2 | 27-May-26 |
| 4 | GROWW NIFTY PRIVATE BANK INDEX FUND - DIRECT PLAN - GROWTH | EQUITY | INF666M01OU3 | 27-May-26 |
| 5 | GROWW NIFTY PRIVATE BANK INDEX FUND - DIRECT PLAN - IDCW PAYOUT | EQUITY | INF666M01OV1 | 27-May-26 |
| 6 | GROWW NIFTY PRIVATE BANK INDEX FUND - DIRECT PLAN - IDCW REINVESTMENT | EQUITY | INF666M01OW9 | 27-May-26 |
Impact Assessment
This is a routine NFO launch notice with low market impact. It is relevant only to BSE StAR MF platform members who facilitate mutual fund transactions for their clients. The fund tracks the Nifty Private Bank Index and is an equity category scheme. Members need to ensure operational compliance with payment and authentication deadlines to avoid transaction cancellations.
Impact Justification
Routine NFO launch notification for trading members on BSE StAR MF platform; operational instructions for a new equity index fund. No regulatory changes or broad market impact.