Description

Groww Mutual Fund launches Nifty PSE ETF Fund NFO on NSE MF Invest Platform, available for subscription from January 22 to February 5, 2026.

Summary

Groww Mutual Fund is launching the Groww Nifty PSE ETF Fund as a New Fund Offer (NFO) on the NSE MF Invest Platform. The fund will be available in both Direct and Regular plans with the same ISIN. Subscription period runs from January 22 to February 5, 2026, with allotment scheduled for February 12, 2026. Members must ensure clear fund settlement by February 9, 2026.

Key Points

  • NFO for Groww Nifty PSE ETF Fund available on NSE MF Invest Platform
  • Two plan options: Direct Plan and Regular Plan (both using ISIN INF666M01NQ3)
  • Category: Equity
  • Subscription window: January 22, 2026 to February 5, 2026 (until 11:59 PM)
  • Allotment date: February 12, 2026
  • Fund settlement deadline: February 9, 2026 by 7:00 PM
  • Payments to be made to designated Clearing Corporation account

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Exchange members must ensure clear funds through any payment mode are received in the designated Clearing Corporation account on or before February 9, 2026, 7:00 PM
  • Members must facilitate transactions for the NFO during the subscription period

Important Dates

  • NFO Start Date: January 22, 2026
  • NFO End Date: February 5, 2026 (11:59 PM)
  • Fund Settlement Deadline: February 9, 2026 (7:00 PM)
  • Allotment Date: February 12, 2026

Impact Assessment

This circular has minimal market-wide impact as it pertains to a routine NFO launch. The impact is limited to:

  • Mutual Fund Distributors: Need to onboard and offer the new ETF scheme to clients during the NFO period
  • Investors: Opportunity to invest in a Public Sector Enterprises (PSE) focused ETF tracking the Nifty PSE index
  • Operational Impact: Members must ensure proper fund settlement processes are in place for the NFO period

The launch expands investment options in the PSE sector through an ETF structure, providing cost-effective exposure to public sector enterprises for retail and institutional investors.

Impact Justification

Routine NFO launch announcement for a new ETF fund with limited market-wide impact, relevant primarily for mutual fund distributors and investors interested in PSE sector ETFs.