Description
Franklin SIF Mutual Fund's Sapphire Equity Long-Short SIF NFO will be available on NSE MF Invest Platform from April 10 to April 24, 2026, with allotment on April 29, 2026.
Summary
NSE has announced the availability of Sapphire Equity Long-Short SIF NFO of Franklin SIF Mutual Fund on the NSE MF Invest Platform. The NFO subscription window runs from April 10, 2026 to April 24, 2026 (till 11:59 PM), with allotment scheduled for April 29, 2026. Six scheme variants are available across Regular and Direct plans with Growth and IDCW options.
Key Points
- Franklin SIF Mutual Fund’s Sapphire Equity Long-Short SIF NFO opens on NSE MF Invest Platform from April 10, 2026
- Subscription window closes April 24, 2026 at 11:59 PM
- Six scheme variants offered: Regular Growth, Regular IDCW Reinvestment, Regular IDCW Payout, Direct Growth, Direct IDCW Reinvestment, Direct IDCW Payout
- All six schemes fall under the Equity category (SIF - Specialised Investment Fund)
- ISINs range from INF090I30014 to INF090I30063
- Allotment date for all schemes: April 29, 2026
- Clear funds must be received in the designated Clearing Corporation account by April 29, 2026 at 10:00 AM
Regulatory Changes
No regulatory changes introduced. This is an operational announcement for a new NFO listing on the NSE MF Invest Platform under the Specialised Investment Fund (SIF) framework.
Compliance Requirements
- NSE members must ensure clear funds through any payment mode are received in the designated Clearing Corporation account on or before April 29, 2026 at 10:00 AM
- Members should process client subscriptions within the NFO window (April 10–24, 2026)
Important Dates
- April 10, 2026: NFO opens on NSE MF Invest Platform
- April 24, 2026 (11:59 PM): NFO subscription window closes
- April 29, 2026 (10:00 AM): Deadline for clear funds in Clearing Corporation account
- April 29, 2026: Allotment date for all six scheme variants
Impact Assessment
This is a medium-impact operational announcement for NSE members participating in the mutual fund distribution platform. The Sapphire Equity Long-Short SIF is a Specialised Investment Fund — a relatively new category in Indian mutual funds allowing long-short equity strategies, which may attract sophisticated investors. Members need to ensure operational readiness for processing transactions and fund settlement within the specified timelines. No broader market-wide impact is expected.
Impact Justification
Routine NFO launch announcement for a new Specialised Investment Fund category; relevant to mutual fund investors and NSE members processing transactions on the MF Invest platform.