Description

NSE introduces daily frequency option for Systematic Investment Plan (SIP) for Whiteoak Mutual Fund on the NSE MF Invest Platform, effective February 1, 2026.

Summary

NSE has announced the introduction of daily frequency under Systematic Investment Plan (SIP) for Whiteoak Mutual Fund on the NSE MF Invest Platform, effective February 1, 2026. This new feature allows investors to make systematic investments on a daily basis in addition to existing frequency options.

Key Points

  • Daily SIP frequency introduced for Whiteoak Mutual Fund
  • Minimum investment amount: Rs. 500/- and multiples of Re. 1/- thereafter
  • For ELSS target schemes, amount must be in multiples of Rs. 500/- only
  • Minimum installments required: 12
  • STP cycle applicable on all business days
  • Start date defaults to 5th business day following submission if not specified
  • End date is perpetual unless specified, but registration ceases after three consecutive failed installments
  • Trustees/AMC reserve the right to modify or discontinue this facility prospectively

Regulatory Changes

This circular updates the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of NJ Mutual Fund schemes to reflect the addition of daily frequency under Systematic Transfer Plan (STP).

Compliance Requirements

  • Members of NSE MF Invest Platform must update their systems to accommodate the daily SIP frequency option
  • Investors opting for daily SIP must meet minimum investment and installment requirements
  • All existing terms and conditions of the Systematic Transfer Plan facility remain unchanged

Important Dates

  • Circular Date: January 30, 2026
  • Effective Date: February 1, 2026 (Daily SIP frequency becomes available)
  • Notice Date: January 28, 2026 (Date of original notice from NJ Asset Management)

Impact Assessment

This is a low-impact operational change that provides enhanced flexibility for mutual fund investors on the NSE MF Invest Platform. The introduction of daily frequency under SIP offers investors more granular investment options, particularly beneficial for those seeking to dollar-cost average on a more frequent basis. The impact is limited to investors of Whiteoak Mutual Fund who choose to utilize this new feature. No mandatory compliance changes are required for existing investors or market participants.

Impact Justification

Operational enhancement adding a new frequency option for SIP in a single mutual fund, affecting only investors who opt for this feature