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01 Apr 2020, 01:54 PM
Change in mutual fund settlement due to settlement holiday on 1st April 2020
Debt & liquid scheme purchase orders placed on the 1st of April will be processed on 3rd April due to the settlement holiday on account of the Annual closing of banks.
Funds for all purchase orders including equity scheme will be debited on 1st April. All redemptions due on 1st April will be settled as per the settlement time shown below in the table as 2nd April and 6th April are trading holidays.
Liquid and Debt schemes
| Redemption date | Payout date |
| 31st March 2020 | 3rd April 2020 |
| 3rd April 2020 | 7th April 2020 |
Equity scheme(T+3 Payout)
| Redemption Dates | Payout date |
| 27th March 2020 | 3rd April 2020 |
| 30th March 2020 | 7th April 2020 |
| 31st March 2020 | 7th April 2020 |
| 1st April 2020 | 8th April 2020 |
| 3rd April 2020 | 9th April 2020 |