Description

Groww Mutual Fund's Nifty PSU Bank Index Fund NFO will be available on NSE MF Invest Platform from March 06 to March 20, 2026, with allotment date of March 30, 2026.

Summary

NSE has informed members that Groww Mutual Fund’s Groww Nifty PSU Bank Index Fund NFO will be available for transactions on the NSE MF Invest Platform from March 06, 2026 to March 20, 2026 (till 11:59 PM). The fund tracks the Nifty PSU Bank index and is offered in both Direct and Regular plans across Growth and IDCW (Payout and Reinvestment) options.

Key Points

  • NFO subscription window: March 06, 2026 to March 20, 2026 (till 11:59 PM)
  • Fund house: Groww Mutual Fund
  • Fund category: Equity (Index Fund tracking Nifty PSU Bank)
  • Six scheme variants available across Direct and Regular plans
  • Allotment date: March 30, 2026
  • Clear funds must be received in the designated Clearing Corporation account by March 24, 2026, 07:00 PM

Regulatory Changes

No regulatory changes. This is a standard NFO launch 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, 07:00 PM.

Important Dates

  • March 06, 2026: NFO opens on NSE MF Invest Platform
  • March 20, 2026: NFO closes (11:59 PM)
  • March 24, 2026: Deadline for clear funds in Clearing Corporation account (07:00 PM)
  • March 30, 2026: Allotment date for all six scheme variants

Impact Assessment

This is a routine mutual fund NFO announcement with limited broader market impact. The six scheme variants and their ISINs are:

  1. Direct - Growth: INF666M01OH0
  2. Direct - IDCW Payout: INF666M01OI8
  3. Direct - IDCW Reinvestment: INF666M01OJ6
  4. Regular - Growth: INF666M01OK4
  5. Regular - IDCW Payout: INF666M01OL2
  6. Regular - IDCW Reinvestment: INF666M01OM0

The fund provides investors with exposure to PSU bank stocks via a passive index strategy. Members on the NSE MF Invest platform need to facilitate transactions within the NFO window and ensure timely fund transfers.

Impact Justification

Routine NFO launch announcement for a new index fund on NSE MF Invest platform; limited market-wide impact, relevant primarily to members and investors interested in PSU bank sector funds.