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22 May 2024, 10:09 AM
Change in mutual fund settlement cycle due to settlement holiday on account of Buddha Purnima (May 23rd 2024)
May 23, 2024, will be a settlement holiday on account of Buddha Purnima. Refer to the changes below.
- Purchase and redemption Orders placed in liquid and debt schemes after 2 pm on May 22, 2024, will be processed on May 24, 2024.
- Allotment and redemptions due on May 23, 2024, will be settled on May 24, 2024.
- For Equity schemes, orders will be processed on May 23, 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 | |
| May 22, 2024 | May 22, 2024 | May 24, 2024 | Depending on the scheme’s payout schedule |
| May 23, 2024 | May 23, 2024 | May 24, 2024 | |
| Debt Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| May 22, 2024 | May 22, 2024 | May 24, 2024 | Depending on the scheme’s payout schedule |
| May 23, 2024 | May 24, 2024 | May 27, 2024 | |
| Liquid (L0) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| May 22, 2024 | May 21, 2024 | May 22, 2024 | NA |
| May 23, 2024 | May 23, 2024 | May 24, 2024 | |
| Liquid (T1) Funds | |||
| Transaction Date | Subscription | Redemption | |
| NAV applicability | Unit allotment | Payout date | |
| May 22, 2024 | May 23, 2024 | May 24, 2024 | NA |
| May 23, 2024 | May 26, 2024 | May 27, 2024 | |