This is with reference to Notice No.20220914-61 dated September 14,2022 regarding Launch of NFO with SIP facility of IDFC Mutual Fund on BSE StAR MF Platform.
Members are hereby informed that we have received communication from IDFC MUTUAL FUND regarding extension of IDFC NIFTY100 LOW VOLATILITY 30 INDEX FUND - NFO from September 23 ,2022 to September 29,2022 on BSE StAR MF platform.
The revised tentative allotment date will be October 06,2022.
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 on October 06,2022 hence the clear funds have to be available in ICCL Account by 6:00 pm on October 04,2022.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00 pm on October 04,2022 to avail the allotment of units under IDFC NIFTY100 LOW VOLATILITY 30 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 September 29,2022 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