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13 Apr 2021, 08:00 AM

Change in mutual fund settlement cycle due to a settlement holiday on 13th April 2021

13th April 2021 is a settlement holiday on account of Gudi Padwa for Debt & liquid schemes, orders placed after 1:30 PM on 12th April 2021 will be processed on 15th April 2021. Funds for these orders will be debited on 15th April 2021. Allotment and redemptions due on 13th April 2021 will be settled on 15th April 2021. Equity orders will be processed on 13th April 2021. Please refer to the table below to understand the settlement procedure for each category.
Equity
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type & Fund confirmation uploaded/received before the cut-off Transaction for all settlement type
12-Apr-21 12-Apr-21 15-Apr-21 Depending on the Payout TAT of the scheme
13-Apr-21 13-Apr-21 15-Apr-21
Debt
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type & Fund confirmation uploaded/received before the cut-off Transaction for all settlement type
12-Apr-21 12-Apr-21 15-Apr-21 Depending on the Payout TAT of the scheme
13-Apr-21 15-Apr-21 16-Apr-21
Liquid
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction executed before 12:00 pm & Fund confirmation uploaded/received before the cut-off Transaction for all settlement type
12-Apr-21 11-Apr-21 12-Apr-21 NA
13-Apr-21 14-Apr-21 15-Apr-21