BSE : Suspension of Inflows/subscription for Navi ELSS Tax Saver Fund

NOTICES

Notice No.		20230123-13		Notice Date		23 Jan 2023
Category		Trading		Segment		Mutual Fund
Subject		Suspension of Inflows/subscription for Navi ELSS Tax Saver Fund
Attachments		Addendum.pdf ;
Content

MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from NAVI Mutual Fund regarding Stopping of Inflows/subscription (Fresh/Additional Purchase & SIP & Switch-In & STP In) under Navi ELSS Tax Saver Fund on BSE StAR MF Platform from January 24, 2023.<_o3a_p>

Further, as intimated by NAVI AMC, fresh Subscriptions, Switch-in, SIP, STP applications received post cut-off timing of January 23, 2023 shall not be accepted.<_o3a_p>

As confirm by NAVI AMC, the existing SIPs/XSIPs registered on BSE StAR MF Platform in above scheme will not get continue to process at AMC/RTA end. Hence the funds debited from client bank account for SIP due on or after January 24, 2023 shall be refunded to the investor.<_o3a_p>

Also, existing SIP/XSIP/ISIP/STP In/ASTP In registered under said scheme shall get cancelled by exchange on BSE StAR MF platform with immediate effect.<_o3a_p>

The notice cum addendum issued by NAVI AMC is attached.<_o3a_p>

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Ketan Jantre Zeeta Eustace

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Sr. General Manager - Mutual Funds Dy. General Manager - Mutual Funds