Description

NSE circular regarding modifications to Daily SIP facility, changes in minimum investment amount for Aditya Birla Sun Life Liquid Fund, and suspension of fresh subscriptions for certain schemes effective October 8, 2025.

Summary

The National Stock Exchange has issued a circular regarding changes to Birla Sun Life Mutual Fund schemes on the NSE MF Invest Platform. The changes include modifications to the Daily SIP facility with reduced minimum installment amounts, revision of minimum application amount for the Liquid Fund Growth option from Rs. 500 to Rs. 100, and suspension of fresh subscriptions, switch-ins, SIPs, and STPs for certain schemes effective October 7-8, 2025.

Key Points

  • Daily SIP minimum installment reduced to Rs. 10 for Equity and Hybrid Schemes (Rs. 30 for Liquid Fund)
  • Aditya Birla Sun Life Liquid Fund Growth option minimum application reduced from Rs. 500 to Rs. 100
  • Fresh subscriptions and switch-ins suspended for certain schemes from October 7, 2025
  • No new SIP/STP registrations will be accepted on or after the effective date
  • Existing SIP/STP registered prior to effective date will continue to be processed
  • Changes in minimum investment amount (point one in addendum) not applicable for NSE exchange as confirmed by AMC

Regulatory Changes

Daily SIP Facility Modifications (Effective October 8, 2025):

  • Equity and Hybrid Schemes: Minimum Rs. 10 and multiples of Re. 1 thereafter
  • Aditya Birla Sun Life Liquid Fund: Minimum Rs. 30 and multiples of Re. 1 thereafter
  • Applicable for Daily SIP through online mode and digital platforms only
  • AMC reserves right to restrict schemes offered through this facility

Liquid Fund Minimum Application Amount (Effective October 8, 2025):

  • Growth option revised from Rs. 500 to Rs. 100 (multiples of Re. 1)

Subscription Suspension (Effective October 7, 2025):

  • Fresh subscriptions and switch-in applications discontinued
  • No fresh SIP and STP registrations accepted
  • Applications received post cutoff timing on effective date will not be processed

Compliance Requirements

For NSE Members:

  • Take note of the changes on NSE MF Invest Platform
  • Inform investors about suspension of fresh subscriptions for affected schemes
  • Process only existing SIP/STP installments registered prior to effective date

For Investors:

  • Fresh subscription applications for certain Birla Sun Life schemes will not be accepted from October 7, 2025 onwards
  • New SIP/STP registrations will not be processed for effective date or later
  • Existing SIP/STP commitments made before effective date will continue to be honored
  • Lower minimum amounts available for Daily SIP and Liquid Fund investments

Important Dates

  • October 7, 2025: Effective date for suspension of fresh subscriptions/switch-ins; applications received post cutoff will not be processed
  • October 8, 2025: Effective date for Daily SIP modifications and Liquid Fund minimum application amount changes

Impact Assessment

Market Impact: Medium - affects only investors using NSE MF Invest Platform for Birla Sun Life/Aditya Birla Sun Life Mutual Fund schemes. Suspension suggests possible capacity constraints or strategic decisions by the fund house.

Investor Impact: Existing investors with registered SIP/STP can continue their investments, but new investors cannot make fresh subscriptions in the affected schemes. The reduction in minimum amounts for Daily SIP and Liquid Fund makes these more accessible for small investors.

Operational Impact: NSE platform will stop accepting new applications for specified schemes while continuing to process existing systematic investment commitments. The lower Daily SIP threshold (Rs. 10) significantly improves accessibility for retail investors in continuing schemes.

Impact Justification

Affects mutual fund investors using NSE MF Invest Platform for Birla Sun Life schemes, with operational changes to SIP facilities and subscription access, but limited to specific fund house.