This is with reference to Notice No. 20230314-3 dated March 14, 2023 regarding Launch of NFO with SIP facility of BARODA BNP PARIBAS Mutual Fund on BSE StAR MF Platform.
Members are hereby informed that we have received communication from BARODA BNP PARIBAS MUTUAL FUND regarding extension of BARODA BNP PARIBAS NIFTY SDL DECEMBER 2028 INDEX FUND - NFO from March 21, 2023 to March 23, 2023 on BSE StAR MF platform.
The revised tentative allotment date will be March 24, 2023.
MFIs/MFDs/RIAs/RFDs are hereby note that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which client has initiated the payment will remain pending in the system till 3:00 PM on the last day of making funds pay-out to the AMC for the said NFO or T + 5 whichever is earlier.
Also, MFIs/MFDs/RIAs/RFDs are hereby informed that AMC confirmed the tentative allotment date for above scheme will be done immediately on March 24, 2023 hence the clear funds have to be available in ICCL Account by 6:00 pm on March 23, 2023.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00 pm on March 23, 2023 to avail the allotment of units under BARODA BNP PARIBAS NIFTY SDL DECEMBER 2028 INDEX FUND - NFO.
Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme on or before the allotment date. If funds for switch out scheme received after the NFO allotment date, then same will not be considered for allotment at AMC/RTA end.
The said NFO will get extended till midnight on March 23, 2023 only for lumpsum purchase on BSE StAR MF Platform. SIP/XSIP/ISIP registration authentication should be done before 3.00 pm on NFO closure date.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Dy. General Manager – Mutual Funds |