Description
Groww Nifty PSU Bank ETF NFO of Groww Mutual Fund will be available on NSE MF Invest Platform from March 06 to March 20, 2026. Both Direct and Regular Plan Growth options are offered under ISIN INF666M01OG2.
Summary
NSE has notified its members that the Groww Nifty PSU Bank ETF NFO from Groww Mutual Fund will be open for transactions on the NSE MF Invest Platform from March 06, 2026 to March 20, 2026 (until 11:59 PM). The NFO covers two plan options under the Equity category, with allotment scheduled for March 30, 2026.
Key Points
- NFO subscription window: March 06, 2026 to March 20, 2026 (till 11:59 PM)
- Two scheme options available: Direct Plan – Growth and Regular Plan – Growth
- Both plans share ISIN: INF666M01OG2
- Category: Equity ETF tracking Nifty PSU Bank Index
- Allotment date: March 30, 2026 for both plans
- Fund house: Groww Mutual Fund
- Platform: NSE MF Invest Platform
Regulatory Changes
No regulatory changes introduced. This is a standard NFO availability notification.
Compliance Requirements
- Members must ensure clear funds via any payment mode are received in the designated Clearing Corporation account on or before March 24, 2026 by 07:00 PM.
Important Dates
- March 06, 2026: NFO subscription opens on NSE MF Invest Platform
- March 20, 2026 (11:59 PM): NFO subscription closes
- March 24, 2026 (07:00 PM): Deadline for clear funds to reach Clearing Corporation account
- March 30, 2026: Allotment date for both Direct and Regular Plan – Growth
Impact Assessment
This circular has low market impact as it is a routine NFO launch notification. Members acting as distributors or facilitators on the NSE MF Invest Platform need to be aware of the subscription window and fund clearing deadline. Investors interested in PSU banking sector exposure via a passive ETF structure may find this relevant.
Impact Justification
Routine NFO launch notification for a new ETF on NSE MF Invest Platform; informational for members with no regulatory changes or broad market impact.