MFIs/MFDs/RIAs/RFDs are hereby informed that SBI Mutual Fund will be offering SBI SILVER ETF - NFO with effect from June 24, 2024, to June 27, 2024, on BSE StAR MF Platform.
The scheme details are given below:
|
Sr. No.
|
Scheme Name
|
Scheme Category
|
Tentative Allotment date
|
|
1
|
SBI SILVER ETF
|
DEBT
|
03- July- 2024
|
|
2
|
SBI SILVER ETF - DIRECT PLAN
|
DEBT
|
03- July- 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 done immediately on July 03, 2024, hence the clear funds have to be available in ICCL Account by 6:00 pm on July 01, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on July 01, 2024, to avail the allotment of units under SBI SILVER ETF - 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 (Refer switch out scheme payout TAT in scheme master) then same will not be considered for allotment at AMC/RTA end.
The said NFO will get extended till midnight on June 27, 2024, only for lumpsum purchase on BSE StAR MF Platform.
Ketan Jantre Zeeta Eustace
Head - Trading Operations Additional General Manager – Mutual Funds |