MFIs/MFDs/RIAs/RFDs are hereby informed that SHRIRAM Mutual Fund will be offering SHRIRAM NIFTY 1D RATE LIQUID ETF - NFO with effect from July 01, 2024, to July 03, 2024, on BSE StAR MF Platform.
The scheme details are given below:
|
Sr. No.
|
Scheme Name
|
Scheme Category
|
Tentative Allotment date
|
|
1
|
SHRIRAM NIFTY 1D RATE LIQUID ETF
|
Debt
|
05-July-2024
|
|
2
|
SHRIRAM NIFTY 1D RATE LIQUID ETF-DIRECT PLAN
|
Debt
|
05-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 on July 05, 2024, hence the clear funds have to be available in ICCL Account by 6:00 pm on July 04, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on July 04, 2024, to avail the allotment of units under SHRIRAM NIFTY 1D RATE LIQUID 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 ETF NFO will get extended till midnight on July 03, 2024, on BSE StAR MF Platform.
Ketan Jantre Zeeta Eustace
Head - Trading Operations Additional General Manager – Mutual Funds |