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08 Apr 2024, 11:00 AM
Change in mutual fund settlement cycle due to settlement holiday on April 09, 2024
April 09, 2024, will be a non-business day for Debt and Liquid Funds on account of Gudi Padwa.
Refer to the changes below:
- Purchase and redemption Orders placed in liquid and debt schemes after 2 pm on 8th April 2024 will be processed on 10th April 2024.
- Allotment and redemptions due on 9th April will be settled on 10th April 2024.
- For Equity schemes, orders will be processed on 9th April 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 | |
| April 08, 2024 | April 08, 2024 | April 10, 2024 | Depending on the scheme’s payout schedule |
| April 09, 2024 | April 09, 2024 | April 10, 2024 | |
| Debt Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| April 08, 2024 | April 08, 2024 | April 10, 2024 | Depending on the scheme’s payout schedule |
| April 09, 2024 | April 10, 2024 | April 12, 2024 | |
| Liquid (L0) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| April 08, 2024 | April 07, 2024 | April 08, 2024 | NA |
| April 09, 2024 | April 09, 2024 | April 10, 2024 | |
| Liquid (T1) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| April 08, 2024 | April 09, 2024 | April 10, 2024 | NA |
| April 09, 2024 | April 11, 2024 | April 12, 2024 | |