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16 Aug 2021, 07:30 AM
Change in mutual fund settlement cycle due to a settlement holiday on 16th August 2021
On account of Parsi New Year, 16th August 2021 is a settlement holiday for Debt & liquid schemes. Orders placed after 1:30 PM on 13th August 2021 will be processed on 17th August 2021. Funds for these orders will be debited on 17th August 2021. Allotment and redemptions due on 16th August 2021 will be settled on 17th August 2021. Equity orders will be processed on 16th August 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 types & Fund confirmation uploaded/received before the cut-off | Transaction for all settlement type | ||||
| 13-Aug-21 | 13-Aug-21 | 17-Aug-21 | Depending on the Payout TAT of the scheme | ||
| 16-Aug-21 | 16-Aug-21 | 17-Aug-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 | ||||
| 13-Aug-21 | 13-Aug-21 | 17-Aug-21 | Depending on the Payout TAT of the scheme | ||
| 16-Aug-21 | 17-Aug-21 | 18-Aug-21 | |||
| Liquid | |||||
| 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 | ||||
| 13-Aug-21 | 12-Aug-21 | 13-Aug-21 | NA | ||
| 16-Aug-21 | 16-Aug-21 | 17-Aug-21 | |||
For more details you can refer to this BSE Circular.