This is with reference to Notice No. 20240516-17 dated May 16, 2024, regarding Launch of NFO with SIP facility of SBI Mutual Fund on BSE StAR MF Platform.
MFIs/MFDs/RIAs/RFDs are hereby informed that SBI Mutual Fund will be offering SBI AUTOMOTIVE OPPORTUNITIES FUND - NFO along with SIP facility with effect from May 17, 2024, to May 31, 2024, on BSE StAR MF Platform.
The revised allotment date will be Jun 05, 2024.
MFIs/MFDs/RIAs/RFDs are also hereby informed 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 the 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 on June 05, 2024, hence the clear funds have to be available in ICCL Account by 6:00pm on June 04, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on June 04, 2024, to avail the allotment of units under SBI AUTOMOTIVE OPPORTUNITIES 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 May 31, 2024, only for lumpsum purchase on BSE StAR MF Platform. SIP/XSIP/ISIP registrations authentication needs to be done by clients before 3:00pm on NFO closure date.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Additional General Manager – Mutual Funds |