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28 Mar 2024, 02:00 PM
Change in mutual fund settlement cycle due to settlement holiday on April 01, 2024
April 01, 2024, will be a settlement holiday on account of the Annual bank closing. Any purchase and redemption orders placed after 2 pm on March 28, 2024, till April 01, 2024, will be processed on April 02, 2024. Allotment and redemptions due on April 01, 2024, will be settled on April 02, 2024.
For more details, you can refer to this BSE circular.
Refer to the table below to understand the settlement procedure for each category.
| Equity Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| March 28, 2024 | March 28, 2024 | April 02, 2024 | Depending on the scheme’s payout schedule |
| April 01, 2024 | April 02, 2024 | April 03, 2024 | |
| Debt Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| March 28, 2024 | March 28, 2024 | April 02, 2024 | Depending on the scheme’s payout schedule |
| April 01, 2024 | April 02, 2024 | April 03, 2024 | |
| Liquid (L0) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| March 28, 2024 | March 27, 2024 | March 28, 2024 | NA |
| April 01, 2024 | April 01, 2024 | April 02, 2024 | |
| Liquid (T1) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| March 28, 2024 | April 01, 2024 | April 02, 2024 | NA |
| April 01, 2024 | April 01, 2024 | April 02, 2024 | |