18 Oct 2021, 07:30 PM

Change in mutual fund settlement cycle due to a settlement holiday on 19th October 2021

On account of Id-E-Milad, 19th October 2021 is a settlement holiday.

Due to the settlement holiday, debt & liquid mutual fund scheme orders placed after 1:30 PM on 18th October 2021 will be processed on 20th October 2021. The amount for these orders will be deducted from your ledger on 20th October 2021. Allotment and redemptions due on 19th October 2021 will be settled on 20th October 2021.

Equity mutual fund scheme orders placed after 1:30 pm on 18th October 2021 will be processed on 19th October 2021 and the amount will be debited on the same day.

Refer to the below table for a category-wise overview of mutual fund settlements:
 
Equity
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type & Fund confirmation uploaded/received before 2.35pm Transaction for all settlement type
18-Oct-21 18-Oct-21 20-Oct-21 Depending on the Payout TAT+1 of the scheme
19-Oct-21 19-Oct-21 20-Oct-21
Debt
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type & Fund confirmation uploaded/received before 2.35pm Transaction for all settlement type
18-Oct-21 18-Oct-21 20-Oct-21 Depending on the Payout TAT+1 of the scheme
19-Oct-21 20-Oct-21 21-Oct-21
Liquid (L0)
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction executed before 1.00pm & Fund confirmation uploaded/received before 1.05 pm Transaction for all settlement type
18-Oct-21 17-Oct-21 18-Oct-21 NA
19-Oct-21 19-Oct-21 20-Oct-21
 
For more details you can refer to this BSE Circular.