NSE has informed its members that the Altiva Equity ExTop 100 Long-Short Fund, a Specialized Investment Fund (SIF) by Edelweiss Mutual Fund, will be available for transactions on the NSE MF Invest Platform. The NFO subscription window runs from May 18, 2026 to June 01, 2026 (till 11:59 PM). Allotment is scheduled for June 08, 2026, and clear funds must reach the designated Clearing Corporation account by June 04, 2026 at 6:00 PM.

Key Points

• Fund: Altiva Equity ExTop 100 Long-Short Fund under Specialized Investment Fund (SIF) of Edelweiss Mutual Fund
• Platform: NSE MF Invest Platform
• NFO Window: May 18, 2026 to June 01, 2026 (till 11:59 PM)
• Six scheme variants available: Direct and Regular Plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
• Allotment Date: June 08, 2026
• Payment Deadline: June 04, 2026 by 6:00 PM
• Category: Equity (all six variants)

Regulatory Changes

No regulatory changes introduced. This circular is an operational notification for the availability of a new fund offering under the SIF framework on the NSE MF Invest Platform.

Compliance Requirements

• Members must ensure clear funds via any payment mode are received in the designated Clearing Corporation account on or before June 04, 2026 by 6:00 PM.
• Members should enable and process transactions for all six ISIN variants of the fund on the NSE MF Invest Platform during the NFO window.

Important Dates

• May 18, 2026: NFO opens on NSE MF Invest Platform
• June 01, 2026 (11:59 PM): NFO closes
• June 04, 2026 (6:00 PM): Deadline for clear funds to reach the Clearing Corporation account
• June 08, 2026: Allotment date for all six scheme variants

Impact Assessment

This is a routine operational notification with low market impact. It enables members to facilitate investor subscriptions to a new equity long-short fund under the SIF framework on the NSE MF Invest Platform. The six ISINs (INF754K30094, INF754K30102, INF754K30110, INF754K30136, INF754K30144, INF754K30151) will be active during the NFO period. Members dealing in mutual fund distribution should update their systems to support these new ISINs ahead of May 18, 2026.

Edelweiss Mutual Fund is launching the ALTIVA Equity Ex-Top 100 Long-Short Fund (SIF) as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO subscription window runs from May 18, 2026, to June 1, 2026, with a tentative allotment date of June 8, 2026.

Key Points

• NFO period: May 18, 2026 to June 1, 2026 (extended till midnight for lumpsum purchases)
• Six scheme variants offered: Regular and Direct plans, each with Growth, IDCW Payout, and IDCW Reinvestment options
• SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on June 1, 2026
• Transactions where clients do not initiate funds by 9:00 AM on T+1 day will be cancelled
• Pending transactions remain in system until 3:00 PM on the last day of funds pay-out to AMC or T+5, whichever is earlier
• Cheque and OTM payments accepted during NFO period subject to clear fund receipt by deadline

Regulatory Changes

No new regulatory changes introduced. This is an operational notice for members facilitating transactions under the new SIF NFO on BSE StAR MF Platform.

Compliance Requirements

• Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
• Clear funds must be available in the ICCL account by 6:00 PM on June 4, 2026, for allotment eligibility
• Switch-out funds received on or after the allotment date (June 8, 2026) will not be considered for allotment
• SIP/XSIP registrations must be client-authenticated by 3:00 PM on June 1, 2026

Important Dates

• May 18, 2026: NFO subscription opens
• June 1, 2026: NFO closure date; SIP/XSIP authentication deadline at 3:00 PM; lumpsum purchases accepted till midnight
• June 4, 2026: Clear funds must be in ICCL account by 6:00 PM
• June 8, 2026: Tentative allotment date

Scheme Details

Impact Assessment

This notice primarily affects BSE StAR MF platform members (mutual fund distributors and brokers) facilitating transactions for this NFO. Investors interested in equity long-short strategies via the SIF structure have a new product available. The operational deadlines for fund settlement and cancellation policies are standard NFO procedures and do not introduce significant market-wide impact.