Change in mutual fund settlement cycle due to a non-business day on 1st April 2022

31 Mar 2022, 06:00 PM

1st April 2022 is a non-business day on account of Annual Bank Closing Day, refer to the changes below:

All purchase orders placed after 1:30 PM on 31st March 2022 will be processed on 4th April 2022. Funds for these orders will be debited on 4th April 2022.
Allotment and redemptions settlement due on 1st April 2022 will be settled on 4th April 2022.
Redemption orders placed in liquid and debt schemes after 1:30 PM on 31st March 2022 will be processed on 4th April 2022. Equity redemption orders will be processed at the stipulated cut-off time on 1st April 2022.

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
31-Mar-22	31-Mar-22		04-Apr-22		Depending on the Payout TAT of the scheme
01-Apr-22	04-Apr-22		05-Apr-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
31-Mar-22	31-Mar-22		04-Apr-22		Depending on the Payout TAT of the scheme
01-Apr-22	04-Apr-22		05-Apr-22

Liquid (L0)
Transaction Date	Subscription				Redemption
	Nav Applicability		Unit Allotment		Payout date
	Transaction executed before 1.00pm & Fund confirmation uploaded/received before 1.05pm	Transaction executed between 1.00pm to 2.30pm & Fund confirmation uploaded/received before 2.30pm	Transaction for all settlement type
31-Mar-22	30-Mar-22	03-Apr-22	31-Mar-22	04-Apr-22	Depending on the Payout TAT of the scheme
01-Apr-22	03-Apr-22		04-Apr-22

For more details, you can refer to this BSE Circular.

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