27 Sep 2023, 11:00 AM

Change in mutual fund settlement cycle due to a settlement holiday on 28th September 2023

September 28, 2023, will be a non-business day for mutual fund schemes on account of Eid-e-Milad. Any purchase and redemption orders placed on September 28, 2023, will be processed on September 29, 2023. Refer to the changes below.

Note: The date is revised from September 29, 2023, to September 28, 2023. Check the circular here.

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
28-Sep-23 29-Sep-23 03-Oct-23 Depending on the Payout TAT of the scheme
29-Sep-23 29-Sep-23 03-Oct-23
Debt
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction for all settlement type Transaction for all settlement type
28-Sep-23 29-Sep-23 03-Oct-23 Depending on the Payout TAT of the scheme
29-Sep-23 29-Sep-23 03-Oct-23
Liquid (L0)
Transaction Date Subscription Redemption
Nav Applicability Unit Allotment Payout date
Transaction executed before cut of time Transaction executed before cut of time
28-Sep-23 27-Sep-23 29-Sep-23 NA
29-Sep-23 27-Sep-23 29-Sep-23

 

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