Description

Choice Mutual Fund's Choice Nifty 50 Index Fund NFO (Regular and Direct Plan - Growth) will be available on NSE MF Invest Platform from March 19 to April 2, 2026, with allotment on April 10, 2026.

Summary

NSE has notified members that Choice Mutual Fund’s Choice Nifty 50 Index Fund NFO will be available for transactions on the NSE MF Invest Platform from March 19, 2026 to April 2, 2026 (till 11:59 PM). The fund offers two plans — Regular Plan and Direct Plan, both Growth option — under the Equity category, with allotment scheduled for April 10, 2026.

Key Points

  • NFO subscription window: March 19, 2026 to April 2, 2026 (till 11:59 PM)
  • Two schemes available: Choice Nifty 50 Index Fund Regular Plan - Growth (ISIN: INF2KCX01038) and Choice Nifty 50 Index Fund Direct Plan - Growth (ISIN: INF2KCX01020)
  • Both schemes are classified under the Equity category
  • Allotment date for both schemes: April 10, 2026
  • Circular reference: NSE/NMFTM/73348, Circular Ref. No: 1274/2026

Regulatory Changes

No regulatory changes. This is a standard NFO availability notification under the NMF TM Segment.

Compliance Requirements

  • Members must ensure that clear funds through any payment mode are received in the designated Clearing Corporation account on or before April 10, 2026 till 11:59 PM.
  • Members facilitating transactions must adhere to the subscription window and payment deadlines.

Important Dates

  • March 19, 2026: NFO subscription opens on NSE MF Invest Platform
  • April 2, 2026 (11:59 PM): NFO subscription closes
  • April 10, 2026 (11:59 PM): Deadline for clear funds in Clearing Corporation account; allotment date

Impact Assessment

This circular has limited market impact, as it is a routine NFO launch notification for a passively managed Nifty 50 index fund. It is relevant to NSE members and distributors using the NSE MF Invest Platform who wish to offer or transact in Choice Mutual Fund’s new index fund schemes. Investors in Nifty 50 index products gain an additional fund option from Choice Mutual Fund.

Impact Justification

Routine NFO launch notification for a new index fund on NSE MF Invest Platform; relevant primarily to distributors/members transacting on the platform, with no broad market or regulatory impact.