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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 | |||