15 May 2022, 10:00 AM

Non-Business day for Debt and Liquid Funds on 16th May 2022 on account of Buddha Purnima

May 16 2022, will be a non-business day for Debt and Liquid Funds on account of Buddha Purnima. Refer to the changes below:
  • Orders placed in liquid and debt schemes after 1:30 PM on 13th May 2022 will be processed on 17th May 2022. The amount for these orders will be debited on 17th May 2022.
  • Allotment and redemptions due on 16th May will be settled on 17th May 2022.
  • Redemption orders for equity schemes shall be processed on 16th May 2022.
  • Redemption orders placed in debt scheme after 1:30 PM on 13th May will be processed on 17th May 2022.
  • For Equity schemes, orders will be processed on 16th May 2022 and the amount will be debited on the same day.
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 2.32 pm Transaction for all settlement type
13-May-22 13-May-22 17-May-22 Depending on Payout TAT of the scheme
16-May-22 16-May-22 17-May-22
Debt
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type & Fund confirmation uploaded/received before 2.32 pm Transaction for all settlement type
13-May-22 13-May-22 17-May-22 Depending on the Payout TAT of the scheme
16-May-22 17-May-22 18-May-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
13-May-22 12-May-22 13-May-22 NA
16-May-22 16-May-22 17-May-22
Liquid (T1)
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment
Transaction executed between 1.00pm to 2.30pm & Fund confirmation uploaded/received before 2.30pm Transaction for all settlement type Payout date
13-May-22 16-May-22 17-May-22 Depending on Payout TAT of the scheme
16-May-22 17-May-22 18-May-22

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