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.