Description

NSE informs members that Abakkus Mutual Fund has extended the Abakkus Small Cap Fund NFO deadline to 11:59 PM on March 12, 2026 on the NSE MF Invest Platform, with fund settlement due by March 17, 2026.

Summary

NSE has issued a circular informing all members that Abakkus Mutual Fund has extended the New Fund Offer (NFO) for the Abakkus Small Cap Fund on the NSE MF Invest Platform. The NFO has been extended to 11:59 PM on March 12, 2026. Members must ensure that clear funds are received in the designated Clearing Corporation account by 3:00 PM on March 17, 2026.

Key Points

  • The Abakkus Small Cap Fund NFO has been extended to 11:59 PM on March 12, 2026 on the NSE MF Invest Platform
  • SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date (March 12, 2026)
  • Clear funds via any payment mode must be received in the designated Clearing Corporation account on or before 3:00 PM on March 17, 2026
  • The extension was communicated by Abakkus Mutual Fund to NSE

Regulatory Changes

No regulatory changes. This is an operational update regarding the extension of an existing NFO subscription window.

Compliance Requirements

  • Members must ensure SIP/XSIP clients complete authentication before 3:00 PM on the NFO closure date (March 12, 2026)
  • Members are responsible for ensuring clear funds are credited to the designated Clearing Corporation account by the stipulated deadline
  • Members should communicate the revised NFO closure timeline to their clients

Important Dates

  • NFO Extended Closure: March 12, 2026 at 11:59 PM
  • SIP/XSIP Authentication Deadline: March 12, 2026 at 3:00 PM
  • Fund Settlement Deadline: March 17, 2026 at 3:00 PM

Impact Assessment

Limited operational impact. This circular affects only members and investors participating in the Abakkus Small Cap Fund NFO via the NSE MF Invest Platform. The extension provides additional time for investors to subscribe, but the overall market impact is minimal. Members need to communicate the updated deadline to clients and ensure timely fund transfers to meet the March 17, 2026 settlement deadline.

Impact Justification

Routine NFO extension notice affecting only Abakkus Small Cap Fund investors and members using NSE MF Invest Platform; no systemic market impact.