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15 Sep 2024, 01:55 PM
Change in mutual fund settlement cycle due to settlement holiday on account of Eid-e-Milad (September 18, 2024)
September 18, 2024, will be a settlement holiday on account of Eid-e-Milad. Refer to the changes below.
- Purchase and redemption Orders placed in liquid and debt schemes after 2 pm on 17th September 2024 will be processed on 19th September 2024.
- Allotment and redemptions due on 18th September 2024 will be settled on 19th September 2024.
- For Equity schemes, orders will be processed on 18th September 2024.
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 executed before cut-off time | Transaction for all settlement type | ||||
| 17-Sep-24 | 17-Sep-24 | 19-Sep-24 | Depending on the Payout TAT of the scheme | ||
| 18-Sep-24 | 18-Sep-24 | 19-Sep-24 | |||
| Debt | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 17-Sep-24 | 17-Sep-24 | 19-Sep-24 | Depending on the Payout TAT of the scheme | ||
| 18-Sep-24 | 19-Sep-24 | 20-Sep-24 | |||
| Liquid (L0) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 17-Sep-24 | 16-Sep-24 | 17-Sep-24 | NA | ||
| 18-Sep-24 | 18-Sep-24 | 19-Sep-24 | |||
| Liquid (T1) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 17-Sep-24 | 18-Sep-24 | 19-Sep-24 | Depending on the Payout TAT of the scheme | ||
| 18-Sep-24 | 19-Sep-24 | 20-Sep-24 | |||
For more details, you can refer to this BSE circular.