Description
DSP Mutual Fund is launching DSP NIFTY FMCG ETF NFO on BSE StAR MF Platform from May 12-14, 2026, with tentative allotment on May 18, 2026.
Summary
BSE has notified members that DSP Mutual Fund will offer the DSP NIFTY FMCG ETF NFO on the BSE StAR MF Platform from May 12, 2026 to May 14, 2026. Both regular and direct plan variants are available, with a tentative allotment date of May 18, 2026.
Key Points
- NFO subscription window: May 12, 2026 to May 14, 2026
- Two scheme variants offered: DSP NIFTY FMCG ETF (regular) and DSP NIFTY FMCG ETF - Direct Plan
- Both schemes fall under the Equity category
- Tentative allotment date: May 18, 2026
- NFO extended till midnight on May 14, 2026 for Lumpsum purchases only on BSE StAR MF Platform
- Cheque and OTM payments accepted during NFO period subject to fund clearance conditions
Regulatory Changes
No regulatory changes. This is an operational notice informing members of a new NFO launch on the BSE StAR MF Platform.
Compliance Requirements
- Members must ensure clients initiate funds by 9:00 AM on T+1 day; transactions without fund initiation will be cancelled and CC with ‘N’ flag reported to RTA/AMC
- Transactions with initiated payment will remain pending until 3:00 PM on the last day of funds pay-out to AMC or T+5, whichever is earlier
- Clear funds must be available in the ICCL account by 6:00 PM on May 15, 2026 to be eligible for allotment
- Cheque and OTM payments must result in clear funds in ICCL account by 6:00 PM on May 15, 2026
Important Dates
- May 12, 2026: NFO subscription opens
- May 14, 2026: NFO subscription closes (extended till midnight for Lumpsum purchases)
- May 15, 2026 by 6:00 PM: Deadline for clear funds to be available in ICCL account
- May 18, 2026: Tentative allotment date for both schemes
Impact Assessment
This notice primarily affects mutual fund distributors, brokers, and investors participating through the BSE StAR MF Platform. The DSP NIFTY FMCG ETF provides exposure to the FMCG sector via a passive index-tracking strategy. Members need to communicate fund initiation deadlines clearly to clients to avoid transaction cancellations. No impact on equity or debt market segments.
Impact Justification
Routine NFO launch notice for a new ETF product; relevant to mutual fund distributors and investors interested in FMCG sector exposure, but limited broader market impact.