Description

BSE announces the launch of two SBI Mutual Fund New Fund Offers (NFOs) — SBI CRISIL-IBX 1090 GILT+SDL INDEX - DEC 2029 INDEX FUND and SBI NIFTY G-SEC JUL 2031 INDEX FUND — available for subscription on BSE StAR MF Platform from May 14 to May 19, 2026.

Summary

BSE has notified members of the launch of two SBI Mutual Fund New Fund Offers (NFOs) on the BSE StAR MF Platform. Both schemes are debt-oriented index funds and will be open for subscription from May 14, 2026 to May 19, 2026, with SIP/XSIP facility available. Tentative allotment date for both schemes is May 20, 2026.

Key Points

  • Two SBI MF NFO schemes available on BSE StAR MF Platform: SBI CRISIL-IBX 1090 GILT+SDL INDEX - DEC 2029 INDEX FUND and SBI NIFTY G-SEC JUL 2031 INDEX FUND
  • Subscription window: May 14, 2026 to May 19, 2026
  • Lumpsum purchases extended until 6:00 PM on May 19, 2026
  • SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on May 19, 2026
  • Tentative allotment date: May 20, 2026 for both schemes
  • Clear funds must be in the ICCL account by 6:00 PM on May 20, 2026
  • Transactions where clients do not initiate funds by 9:00 AM on T+1 shall be cancelled with CC ‘N’ flag reported to RTA/AMC
  • Pending transactions remain in system until 3:00 PM on the last day of funds pay-out to AMC or T+5, whichever is earlier
  • Cheque and OTM payments accepted during NFO period subject to clear fund receipt by 6:00 PM on May 20, 2026
  • Switch transactions accepted during NFO period; switch-out funds received on or after allotment date will not be considered

Regulatory Changes

No new regulatory changes introduced. This is an operational notice for existing BSE StAR MF platform procedures applied to the new NFO schemes.

Compliance Requirements

  • Members must ensure clients initiate fund transfers by 9:00 AM on T+1 day to avoid transaction cancellation
  • SIP/XSIP registrations for Monthly frequency in the Rs. 500–999 range require a minimum of 12 installments; registrations in the Rs. 1,000 and above range require a minimum of 6 installments — non-compliance may result in rejection at AMC/RTA end
  • Members must ensure clear funds are available in the ICCL account by 6:00 PM on May 20, 2026 for allotment eligibility
  • Switch-out transactions must be completed before the allotment date to be eligible

Important Dates

  • May 14, 2026: NFO subscription opens on BSE StAR MF Platform
  • May 19, 2026, 3:00 PM: Deadline for SIP/XSIP client authentication
  • May 19, 2026, 6:00 PM: NFO closure for lumpsum purchases
  • May 20, 2026: Tentative allotment date for both schemes
  • May 20, 2026, 6:00 PM: Deadline for clear funds in ICCL account

Impact Assessment

This notice primarily impacts BSE StAR MF platform members (mutual fund distributors and intermediaries) facilitating transactions in SBI Mutual Fund schemes. The two schemes are passive debt index funds targeting government securities, appealing to risk-averse fixed-income investors. The operational instructions around fund timelines, SIP installment minimums, and switch transactions require members to carefully coordinate client actions within tight deadlines. Broader market impact is limited as these are new fund launches within an existing operational framework.

Impact Justification

Operational notice for mutual fund members on BSE StAR MF platform regarding two new SBI debt index fund NFOs; relevant to MF distributors and investors but limited broader market impact.