BSE has informed members that Groww Mutual Fund will offer the Groww Nifty Private Bank ETF as a New Fund Offer (NFO) on the BSE StAR MF Platform from May 6, 2026, to May 20, 2026. Two plan variants are available — regular and direct — both categorized as equity schemes with a tentative allotment date of May 27, 2026.

Key Points

• NFO period: May 6, 2026 to May 20, 2026 (extended till midnight for lumpsum purchases)
• Two schemes: Groww Nifty Private Bank ETF and Groww Nifty Private Bank ETF – Direct Plan (both Equity category)
• Tentative allotment date: May 27, 2026
• Clear funds must be available in the ICCL account by 6:00 PM on May 22, 2026
• Transactions where clients do not initiate funds by 9:00 AM on T+1 day will be cancelled
• Cancelled transactions will have CC with ‘N’ flag reported to the RTA/AMC
• Pending transactions (where payment is initiated) 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 funds receipt by May 22, 2026 at 6:00 PM

Regulatory Changes

No regulatory changes introduced. This is an operational notice for a new fund launch.

Compliance Requirements

• Members must ensure clients initiate fund transfers by 9:00 AM on T+1 to avoid transaction cancellation
• Members must ensure clear funds reach the ICCL account by 6:00 PM on May 22, 2026 for allotment eligibility
• Members should report cancelled transactions with CC ‘N’ flag to RTA/AMC as required

Important Dates

• May 6, 2026: NFO subscription opens
• May 20, 2026: NFO subscription closes (extended till midnight for lumpsum purchases on BSE StAR MF)
• May 22, 2026 by 6:00 PM: Deadline for clear funds in ICCL account
• May 27, 2026: Tentative allotment date for both schemes

Impact Assessment

This notice is relevant primarily to BSE members and distributors facilitating mutual fund transactions on the BSE StAR MF platform. Investors in private banking sector ETFs gain a new investment vehicle tracking the Nifty Private Bank index. Operational impact is limited to ensuring payment timelines are met; non-compliance with fund initiation deadlines results in transaction cancellation.

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.

NSE has informed all members that the Groww Nifty Private Bank Index Fund 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). The fund tracks the Nifty Private Bank Index and is offered in six scheme variants across Direct and Regular plans. Allotment is scheduled for May 27, 2026.

Key Points

• NFO subscription window: May 06, 2026 to May 20, 2026 (11:59 PM)
• Six scheme variants available: Direct Growth, Direct IDCW Payout, Direct IDCW Reinvestment, Regular Growth, Regular IDCW Payout, Regular IDCW Reinvestment
• All schemes are categorised as Equity with allotment date of May 27, 2026
• ISINs assigned: INF666M01OU3, INF666M01OV1, INF666M01OW9, INF666M01OX7, INF666M01OY5, INF666M01OZ2
• Fund house: Groww Mutual Fund

Regulatory Changes

No regulatory changes. This is a product launch notification under the NMF TM Segment (Circular Ref. No: 1350/2026, Download Ref No: NSE/NMFTM/74042).

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 are required to facilitate client transactions within the specified NFO window.

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 all six scheme variants

Impact Assessment

This circular has limited market impact and is primarily operational in nature. It expands the product offerings available on the NSE MF Invest Platform by adding an equity index fund benchmarked to the Nifty Private Bank Index. Members handling mutual fund transactions should update their systems to support the six new ISINs and communicate the NFO window to eligible clients. No systemic or broad market implications are expected.

BSE has notified trading members that GROWW Mutual Fund will be launching the GROWW NIFTY PRIVATE BANK INDEX FUND as a New Fund Offer (NFO) with SIP/XSIP facility on the BSE StAR MF Platform. The NFO subscription window runs from May 6, 2026 to May 20, 2026, with six scheme variants covering Regular and Direct plans across Growth, IDCW Payout, and IDCW Reinvestment options.

Key Points

• NFO period: May 6, 2026 to May 20, 2026 (extended till midnight for Lumpsum purchases)
• Six scheme variants across Regular/Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options
• Tentative allotment date: May 27, 2026
• Clear funds must be in the ICCL account by 6:00 PM on May 22, 2026
• Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
• SIP/XSIP registrations must be authenticated by clients by 3:00 PM on May 20, 2026
• Cheque and OTM payments accepted subject to clear fund receipt by May 22, 2026
• Switch-out funds received on or after the allotment date will not be considered for allotment

Regulatory Changes

No regulatory changes. This is a standard operational notice for a new mutual fund NFO launch on the BSE StAR MF Platform.

Compliance Requirements

• Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
• Pending transactions (with payment initiated) will be held until 3:00 PM on the last day of funds pay-out or T+5 day, whichever is earlier
• Members must ensure SIP/XSIP client authentications are completed by 3:00 PM on May 20, 2026
• Clear funds must be available in ICCL account by 6:00 PM on May 22, 2026 for allotment eligibility

Important Dates

Scheme Details

Impact Assessment

This is a routine NFO launch notice with low market impact. It is relevant only to BSE StAR MF platform members who facilitate mutual fund transactions for their clients. The fund tracks the Nifty Private Bank Index and is an equity category scheme. Members need to ensure operational compliance with payment and authentication deadlines to avoid transaction cancellations.