Description

Choice Mutual Fund's Nifty Next 50 Index Fund NFO will be available on NSE MF Invest Platform from March 19 to April 2, 2026, with allotment on April 10, 2026.

Summary

NSE has informed its members that Choice Mutual Fund’s Nifty Next 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 — Direct and Regular — both under the Growth option, 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: Direct Plan – Growth (ISIN: INF2KCX01053) and Regular Plan – Growth (ISIN: INF2KCX01046)
  • Both schemes are categorised as Equity funds tracking the Nifty Next 50 Index
  • Allotment date for both schemes: April 10, 2026
  • Clear funds must be received in the designated Clearing Corporation account by April 10, 2026 till 11:59 PM
  • Circular reference: NSE/NMFTM/73349, Circular Ref. No: 1275/2026

Regulatory Changes

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

Compliance Requirements

  • NSE members must ensure that clear funds (via any payment mode) are received in the designated Clearing Corporation account on or before April 10, 2026 till 11:59 PM.
  • Members should make the NFO available to clients through the NSE MF Invest Platform within the specified subscription window.

Important Dates

  • March 19, 2026: NFO subscription opens
  • April 2, 2026: NFO subscription closes (11:59 PM)
  • April 10, 2026: Allotment date; also deadline for clear funds to reach the Clearing Corporation account (11:59 PM)

Impact Assessment

This is a routine NFO launch with limited market impact. The announcement enables NSE members and investors to subscribe to a passively managed equity index fund tracking the Nifty Next 50 Index via the NSE MF Invest Platform. Impact is confined to mutual fund distributors and retail/HNI investors seeking exposure to mid-cap index constituents through a new fund offering from Choice Mutual Fund.

Impact Justification

Routine NFO launch announcement for a new index fund on NSE MF Invest Platform; limited systemic market impact, relevant mainly to distributors and retail investors interested in the Nifty Next 50 index.