16 Aug 2022, 09:00 AM

Non-Business day for Debt and Liquid Funds on 16th August 2022 on account of Parsi New Year

August 16, 2022, will be a non-business day for Debt and Liquid Funds on account of Parsi New Year. Refer to the changes below:
  • Purchase and redemption Orders placed in liquid and debt schemes after 2 pm on 12th August 2022 will be processed on 17th August 2022.
  • Allotment and redemptions due on 16th August will be settled on 17th August 2022.
  • For Equity schemes, orders will be processed on 16th August 2022.
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 Transaction for all settlement type
12-Aug-22 12-Aug-22 17-Aug-22 Depending on Payout TAT of the scheme
16-Aug-22 16-Aug-22 17-Aug-22
Debt
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type Transaction for all settlement type
12-Aug-22 12-Aug-22 17-Aug-22 Depending on the Payout TAT of the scheme
16-Aug-22 17-Aug-22 18-Aug-22
Liquid (L0)
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type Transaction for all settlement type
12-Aug-22 11-Aug-22 12-Aug-22 NA
16-Aug-22 16-Aug-22 17-Aug-22
Liquid (T1)
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment
Transaction for all settlement type Transaction for all settlement type Payout date
12-Aug-22 16-Aug-22 17-Aug-22 Depending on Payout TAT of the scheme
16-Aug-22 17-Aug-22 18-Aug-22
For more details, you can refer to this BSE Circular.