The Bombay Stock Exchange (BSE) on July 16, 2024, notified regarding the launch of NFO with the SIP facility of NAVI Mutual Fund on the BSE StAR MF Platform.
The following has been stated namely: -
• It states that NAVI Mutual Fund shall be offering NAVI NIFTY 500 MULTICAP 50:25:25 INDEX FUND - NFO along with SIP facility with effect from July 18, 2024, to July 30, 2024, on the BSE StAR MF Platform.
• It states that the tentative allotment date for the NAVI NIFTY 500 MULTICAP 50:25:25 INDEX FUND-REGULAR PLAN-GROWTH, and NAVI NIFTY 500 MULTICAP 50:25:25 INDEX FUND-DIRECT PLAN-GROWTH scheme shall be done on August 01, 2024, hence the clear funds have to be available in ICCL Account by 6:00 pm on July 31, 2024.
• It states that the NAVI NIFTY 500 MULTICAP 50:25:25 INDEX FUND - NFO shall get extended till midnight on July 30, 2024, only for lumpsum purchases on the BSE StAR MF Platform, and the SIP/XSIP/ISIP registrations authentication needs to be done by clients before 3:00 pm on NFO closure date.
[Circular no. - 20240716-3]
