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21 Jan 2024, 08:40 PM
Non-business day for mutual funds on Monday, January 22, 2024
Monday, January 22, 2024, will be a non-business day for mutual funds on account of the Holiday declared under the Negotiable Instrument Act.
All purchase and redemption orders placed for all the schemes after 2 PM from 19th January 2024 will be processed on 23rd January 2024.
Refer to the below table for a category-wise overview of mutual fund settlements:
| Equity | |||||
| Transaction Date (orders placed before cut-off time) | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction for all settlement type | |||||
| 19-Jan-24 | 19-Jan-24 | 23-Jan-24 | Depending on the payout TAT of the scheme | ||
| Debt | |||||
| Transaction Date (orders placed before cut-off time) | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction for all settlement type | |||||
| 19-Jan-24 | 19-Jan-24 | 23-Jan-24 | Depending on the payout TAT of the scheme | ||
| Liquid | |||||
| Transaction Date (orders placed before cut-off time) | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction for all settlement type | |||||
| 19-Jan-24 | 18-Jan-24 | 19-Jan-24 | Depending on the payout TAT of the scheme | ||
| 23-Jan-24 | 22-Jan-24 | 23-Jan-24 |
For more details, you can refer to this BSE circular.