Description
SBI Mutual Fund has revised the NFO allotment date for Magnum Hybrid Long Short Fund from October 23, 2025 to October 20, 2025.
Summary
NSE has received communication from SBI Mutual Fund regarding a revised NFO allotment date for the Magnum Hybrid Long Short Fund under Specialized Investment Fund (SIF) category. The allotment date has been advanced by 3 days from the previously announced date.
Key Points
- NFO allotment date revised from October 23, 2025 to October 20, 2025
- Applies to Magnum Hybrid Long Short Fund NFO on NSE MF Invest Platform
- SIP/XSIP registrations must be authenticated by clients before 3:00 PM on NFO closure date
- Clear funds through any payment mode must be received in designated Clearing Corporation account on or before October 20, 2025
- Circular issued by NMF TM Segment department
Regulatory Changes
No regulatory changes introduced. This is an operational update regarding NFO timeline modification.
Compliance Requirements
- Members must ensure SIP/XSIP registration authentication is completed by clients before 3:00 PM on NFO closure date
- Members must ensure clear funds are received in the designated Clearing Corporation account on or before October 20, 2025
- Members should communicate the revised allotment date to their clients
Important Dates
- Previous Allotment Date: October 23, 2025
- Revised Allotment Date: October 20, 2025
- SIP/XSIP Authentication Deadline: 3:00 PM on NFO closure date
- Funds Receipt Deadline: On or before October 20, 2025
Impact Assessment
Operational Impact: The 3-day advancement of the allotment date requires members to expedite fund collection and processing activities. This affects operational timelines for brokers and distributors handling NFO applications.
Market Impact: Minimal. This is a scheme-specific timeline change affecting only investors and intermediaries participating in this particular NFO.
Investor Impact: Investors interested in this NFO will receive allotment earlier than originally scheduled, which may be beneficial for those seeking faster deployment of funds.
Impact Justification
Administrative change affecting only NFO allotment timeline for a specific mutual fund scheme with limited market-wide impact