18 Feb 2025, 12:48 PM

Change in mutual fund settlement cycle due to settlement holiday on account of Chhatrapati Shivaji Maharaj Jayanti (February 19, 2025)

February 19, 2025, will be a settlement holiday on account of Chhatrapati Shivaji Maharaj Jayanti. Refer to the changes below.

Purchase and redemption Orders placed in liquid and debt schemes after 2 pm on February 18, 2025 will be processed on February 20, 2025.
Allotment and redemptions due on February 19, 2025 will be settled on February 20, 2025.
For Equity schemes, orders will be processed on February 19, 2025.

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
18-Feb-25	18-Feb-25	20-Feb-25	Depending on the Payout TAT of the scheme
19-Feb-25	19-Feb-25	20-Feb-25

Debt
Transaction Date	Subscription		Redemption
	Nav Applicability	Unit Allotment	Payout date
	Transaction executed before cut-off time	Transaction for all settlement type
18-Feb-25	18-Feb-25	20-Feb-25	Depending on the Payout TAT of the scheme
19-Feb-25	20-Feb-25	21-Feb-25

Liquid (L0)
Transaction Date	Subscription		Redemption
	Nav Applicability	Unit Allotment	Payout date
	Transaction executed before cut-off time	Transaction for all settlement type
18-Feb-25	17-Feb-25	18-Feb-25	NA
19-Feb-25	19-Feb-25	20-Feb-25

Liquid (T1)
Transaction Date	Subscription		Redemption
	Nav Applicability	Unit Allotment	Payout date
	Transaction executed before cut-off time	Transaction for all settlement type
18-Feb-25	19-Feb-25	20-Feb-25	Depending on the Payout TAT of the scheme
19-Feb-25	20-Feb-25	21-Feb-25

For more details, you can refer to this BSE circular.

Bulletin