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07 Feb 2022, 09:15 AM
Change in mutual fund settlement cycle due to a settlement holiday on 7th February 2022
7th February is a settlement holiday for Debt and Liquid schemes on account of the sad demise of veteran singer Lata Mangeshkar Ji.
Refer to the changes below.
- Orders placed in liquid and debt schemes after 1:30 PM on 4th February 2022 will be processed on 8th February 2022. The amount for these orders will be debited on 8th February 2022.
- Allotment and redemptions due on 7th February will be settled on 8th February 2022.
- For Equity schemes, orders will be processed on 7th February 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 | |||||
| 04-Feb-22 | 04-Feb-22 | 08-Feb-22 | Depending on the Payout TAT of the scheme | |||
| 07-Feb-22 | 07-Feb-22 | 08-Feb-22 | ||||
| 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 | |||||
| 04-Feb-22 | 04-Feb-22 | 08-Feb-22 | Depending on the Payout TAT of the scheme | |||
| 07-Feb-22 | 08-Feb-22 | 09-Feb-22 | ||||
| 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 | |||||
| 04-Feb-22 | 07-Feb-22 | 08-Feb-22 | 08-Feb-22 | |||
| 07-Feb-22 | 08-Feb-22 | 09-Feb-22 | 09-Feb-22 | |||
For more details, you can refer to this BSE Circular.