Description
Franklin SIF Mutual Fund's Sapphire Equity Long-Short SIF will be available for ongoing subscriptions, redemptions, SIP, STP, and SWP on NSE MF Invest Platform from May 04, 2026.
Summary
NSE has informed its members that the Sapphire Equity Long-Short SIF of Franklin SIF Mutual Fund will be reopened for ongoing subscriptions and redemptions, along with SIP (Systematic Investment Plan), STP (Systematic Transfer Plan), and SWP (Systematic Withdrawal Plan) facilities on the NSE MF Invest Platform effective May 04, 2026.
Key Points
- Franklin SIF Mutual Fund’s Sapphire Equity Long-Short SIF will be available on NSE MF Invest Platform from May 04, 2026.
- Both Regular and Direct plan variants are available across Growth and IDCW (Income Distribution cum Capital Withdrawal) options.
- Six scheme variants are listed with individual ISINs, all categorized under the Equity asset class.
- SIP, STP, and SWP facilities will be available alongside regular subscription and redemption.
- This is a reopening for ongoing transactions, not a new fund offer.
Regulatory Changes
No regulatory changes are introduced by this circular. It is an operational announcement regarding platform availability of an existing Specialized Investment Fund (SIF).
Compliance Requirements
No specific compliance action is required from NSE members. Members are informed of the scheme’s availability so they can facilitate client transactions through the NSE MF Invest Platform from the effective date.
Important Dates
- May 01, 2026: Date of circular.
- May 04, 2026: Effective date for reopening of Sapphire Equity Long-Short SIF for ongoing subscriptions, redemptions, SIP, STP, and SWP on NSE MF Invest Platform.
Impact Assessment
This circular has limited market impact as it is a routine platform availability announcement for a specific mutual fund scheme. Investors and distributors using the NSE MF Invest Platform can begin transacting in the six variants of Sapphire Equity Long-Short SIF from May 04, 2026. The scheme falls under the Specialized Investment Fund (SIF) category — a relatively newer fund structure in India — which may appeal to sophisticated investors seeking equity long-short strategies. No broad market or systemic impact is anticipated.
Scheme Details
| Sr. No | Scheme Name | ISIN | Category |
|---|---|---|---|
| 1 | Sapphire Equity Long-Short SIF - Regular Growth | INF090I30014 | Equity |
| 2 | Sapphire Equity Long-Short SIF - Regular IDCW Reinvestment | INF090I30022 | Equity |
| 3 | Sapphire Equity Long-Short SIF - Regular IDCW Payout | INF090I30030 | Equity |
| 4 | Sapphire Equity Long-Short SIF - Direct Growth | INF090I30048 | Equity |
| 5 | Sapphire Equity Long-Short SIF - Direct IDCW Reinvestment | INF090I30055 | Equity |
| 6 | Sapphire Equity Long-Short SIF - Direct IDCW Payout | INF090I30063 | Equity |
Impact Justification
Routine operational circular announcing reopening of a mutual fund scheme on NSE MF Invest Platform; no regulatory changes, no compliance mandates for members beyond awareness.