Description

Groww Nifty Private Bank ETF NFO will be available for transactions on NSE MF Invest Platform from May 06 to May 20, 2026, with allotment on May 27, 2026.

Summary

NSE has informed all members that the Groww Nifty Private Bank ETF NFO by Groww Mutual Fund will be available for transactions on the NSE MF Invest Platform from May 06, 2026 to May 20, 2026 (till 11:59 PM). Units will be allotted on May 27, 2026. The ETF is categorized under Equity and is offered in both Direct Growth and Regular Growth variants sharing the same ISIN.

Key Points

  • NFO subscription window: May 06, 2026 to May 20, 2026 (till 11:59 PM)
  • Fund house: Groww Mutual Fund
  • Scheme: Groww Nifty Private Bank ETF (Direct Growth and Regular Growth)
  • ISIN for both variants: INF666M01OT5
  • Category: Equity
  • Allotment date: May 27, 2026
  • Clear funds must reach the designated Clearing Corporation account by May 22, 2026 at 06:00 PM

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch notification under the NSE MF Invest Platform framework.

Compliance Requirements

  • Members must ensure clear funds via any payment mode are received in the designated Clearing Corporation account on or before May 22, 2026 by 06:00 PM.
  • Members should facilitate client transactions within the NFO window (May 06–May 20, 2026).

Important Dates

  • May 06, 2026: NFO subscription opens on NSE MF Invest Platform
  • May 20, 2026 (11:59 PM): NFO subscription closes
  • May 22, 2026 (06:00 PM): Deadline for clear funds to reach the designated Clearing Corporation account
  • May 27, 2026: Allotment date for both Direct Growth and Regular Growth variants

Impact Assessment

This circular has medium operational impact for NSE members active on the MF Invest Platform, as they need to process client subscriptions and ensure timely fund settlements. The NFO introduces an equity ETF tracking the Nifty Private Bank index, expanding product offerings in the private banking sector theme. No broader market or systemic impact is expected.

Impact Justification

Routine NFO launch announcement relevant to members transacting on NSE MF Invest Platform; limited systemic impact but actionable for members dealing in Groww Mutual Fund products.