Description

BSE informs members that SBI Mutual Fund NFOs have been extended from May 19, 2026 to May 25, 2026 on the BSE StAR MF platform, with revised allotment date of May 26, 2026 and reopening date of June 1, 2026.

Summary

BSE has notified members via Notice No. 20260519-33 that SBI Mutual Fund NFOs, originally set to close on May 19, 2026, have been extended to May 25, 2026 on the BSE StAR MF platform. This is an update to the earlier Notice No. 20260513-30 dated May 13, 2026. The revised allotment date is May 26, 2026, and the reopening date has been revised to June 1, 2026.

Key Points

  • NFO period extended from May 19, 2026 to May 25, 2026 (6:00 PM) for lumpsum purchases on BSE StAR MF platform.
  • Revised allotment date: May 26, 2026.
  • Reopening date revised to June 1, 2026.
  • SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on May 25, 2026.
  • Clear funds must be available in the ICCL account by 6:00 PM on May 26, 2026 for allotment eligibility.
  • Cheque and OTM payments are accepted during the NFO period subject to receipt of clear funds by 6:00 PM on May 26, 2026.

Regulatory Changes

No new regulatory changes introduced. This is an operational update extending the NFO subscription window for SBI Mutual Fund schemes on the BSE StAR MF platform.

Compliance Requirements

  • Members must ensure clients initiate funds by 9:00 AM on T+1 day; failure to do so will result in cancellation of transactions and CC with ‘N’ flag reported to RTA/AMC.
  • Pending transactions (where payment has been initiated) will remain in the system until 3:00 PM on the last day of funds pay-out to AMC, or T+5 day, whichever is earlier.
  • Switch-out funds received on or after the allotment date (May 26, 2026) will not be considered for allotment at the AMC/RTA end.
  • Members must communicate the revised NFO extension and payment deadlines to their clients.

Important Dates

  • NFO Extension Period End: May 25, 2026 (6:00 PM) — lumpsum purchases only
  • SIP/XSIP Authentication Deadline: May 25, 2026 (3:00 PM)
  • Allotment Date: May 26, 2026
  • Clear Funds Deadline in ICCL Account: May 26, 2026 (6:00 PM)
  • Reopening Date: June 1, 2026

Impact Assessment

This update has a moderate operational impact on mutual fund distributors and investors using the BSE StAR MF platform for SBI MF NFO subscriptions. The extension provides additional time for investors to subscribe, but members must carefully manage transaction and payment timelines to avoid cancellations. The strict T+1 fund initiation requirement and the allotment date fund clearance deadline require close coordination between members and their clients. No broad market or regulatory impact is anticipated.

Impact Justification

Operational update affecting mutual fund distributors and investors transacting in SBI MF NFOs on BSE StAR MF platform; extends deadlines but does not introduce new regulations or broadly affect market structure.