Description

NSE announces changes to SIP/XSIP investment amount ranges and minimum installment requirements for Franklin Templeton Mutual Fund schemes with immediate effect.

Summary

NSE has announced changes to SIP/XSIP investment amount ranges and minimum installment requirements for Franklin Templeton Mutual Fund schemes on the NSE MF Invest Platform. The changes are effective immediately and introduce differentiated minimum installment requirements based on investment frequency and amount.

Key Points

  • Changes apply to Franklin Templeton Mutual Fund schemes on NSE MF Invest Platform
  • New investment amount ranges: ₹100-499, ₹500-999, and ₹1000 and above
  • Minimum installment numbers vary from 6 to 20 based on frequency and amount
  • Daily SIP frequency available (except for tax saver schemes)
  • Weekly, monthly, and quarterly SIP frequencies supported
  • Changes effective immediately from October 14, 2025

Regulatory Changes

New SIP/XSIP Structure

Daily SIP (except Tax saver schemes):

  • ₹100-499: Minimum 20 installments required
  • ₹500-999: Minimum 12 installments required
  • ₹1000 and above: Minimum 6 installments required

Weekly, Monthly & Quarterly SIP:

  • ₹500-999: Minimum 12 installments required
  • ₹1000 and above: Minimum 6 installments required

Compliance Requirements

  • NSE members must implement the new SIP/XSIP investment amount ranges immediately
  • Members must ensure minimum installment requirements are enforced for Franklin Templeton schemes
  • Investment platforms must update their systems to reflect the new parameters
  • Members should communicate changes to clients investing in Franklin Templeton schemes through SIP/XSIP

Important Dates

  • Effective Date: October 14, 2025 (immediate effect)
  • Circular Date: October 14, 2025
  • Circular Reference: NSE/NMFTM/70796, Circular No. 915/2025

Impact Assessment

Operational Impact: Members and investors using Franklin Templeton schemes on NSE MF Invest Platform need to be aware of the new investment thresholds and minimum installment requirements. Lower investment amounts (₹100-499) now require higher minimum installments (20 for daily SIP), which may affect investor flexibility.

Investor Impact: Investors with smaller SIP amounts will need to commit to longer investment periods. This change promotes disciplined long-term investing but may reduce accessibility for short-term investors.

Market Impact: Limited to Franklin Templeton schemes only. No broader market impact expected as this is an operational parameter adjustment for a single AMC on the NSE MF Invest platform.

Impact Justification

Operational changes to SIP investment parameters for a single mutual fund on NSE MF Invest platform. Affects only Franklin Templeton schemes with no broader market impact.