Description
Edelweiss Mutual Fund launches NFO for ALTIVA Equity Ex-Top 100 Long-Short Fund (SIF) on BSE StAR MF Platform from May 18 to June 1, 2026, with tentative allotment date of June 8, 2026.
Summary
Edelweiss Mutual Fund is launching the ALTIVA Equity Ex-Top 100 Long-Short Fund (SIF) as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO subscription window runs from May 18, 2026, to June 1, 2026, with a tentative allotment date of June 8, 2026.
Key Points
- NFO period: May 18, 2026 to June 1, 2026 (extended till midnight for lumpsum purchases)
- Six scheme variants offered: Regular and Direct plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
- SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on June 1, 2026
- Transactions where clients do not initiate funds by 9:00 AM on T+1 day will be cancelled
- 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 deadline
Regulatory Changes
No new regulatory changes introduced. This is an operational notice for members facilitating transactions under the new SIF NFO on BSE StAR MF Platform.
Compliance Requirements
- Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in the ICCL account by 6:00 PM on June 4, 2026, for allotment eligibility
- Switch-out funds received on or after the allotment date (June 8, 2026) will not be considered for allotment
- SIP/XSIP registrations must be client-authenticated by 3:00 PM on June 1, 2026
Important Dates
- May 18, 2026: NFO subscription opens
- June 1, 2026: NFO closure date; SIP/XSIP authentication deadline at 3:00 PM; lumpsum purchases accepted till midnight
- June 4, 2026: Clear funds must be in ICCL account by 6:00 PM
- June 8, 2026: Tentative allotment date
Scheme Details
| Sr. No. | Scheme Name | ISIN | Category | Tentative Allotment Date |
|---|---|---|---|---|
| 1 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Regular Plan - Growth | INF754K30136 | Equity | 08-06-2026 |
| 2 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Regular Plan - IDCW Payout | INF754K30144 | Equity | 08-06-2026 |
| 3 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Regular Plan - IDCW Reinvestment | INF754K30151 | Equity | 08-06-2026 |
| 4 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth | INF754K30094 | Equity | 08-06-2026 |
| 5 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Direct Plan - IDCW Payout | INF754K30102 | Equity | 08-06-2026 |
| 6 | ALTIVA Equity Ex-Top 100 Long-Short Fund - Direct Plan - IDCW Reinvestment | INF754K30110 | Equity | 08-06-2026 |
Impact Assessment
This notice primarily affects BSE StAR MF platform members (mutual fund distributors and brokers) facilitating transactions for this NFO. Investors interested in equity long-short strategies via the SIF structure have a new product available. The operational deadlines for fund settlement and cancellation policies are standard NFO procedures and do not introduce significant market-wide impact.
Impact Justification
Operational notice for mutual fund members on BSE StAR MF platform regarding a new SIF NFO; relevant to MF distributors and investors but limited broader market impact.