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09 May 2025, 10:39 AM
Change in mutual fund settlement cycle due to settlement holiday on account of Buddha Pournima on May 12, 2025
May 12, 2025, will be a settlement holiday on account of the Buddha Pournima. Refer to the changes below.
- Purchase and redemption Orders placed in liquid and debt schemes after the cut-off time on May 09, 2025, will be processed on May 13, 2025.
- Allotment and redemptions due on May 12, 2025, will be settled on May 13, 2025.
- For Equity schemes, orders will be processed on May 12, 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 | ||||
| 09-May-25 | 09-May-25 | 13-May-25 | Depending on the Payout TAT of the scheme | ||
| 12-May-25 | 12-May-25 | 13-May-25 | |||
| Debt | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 09-May-25 | 09-May-25 | 13-May-25 | Depending on the Payout TAT of the scheme | ||
| 12-May-25 | 13-May-25 | 14-May-25 | |||
| Liquid (L0) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 09-May-25 | 08-May-25 | 09-May-25 | NA | ||
| 12-May-25 | 12-May-25 | 13-May-25 | |||
| Liquid (T1) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 09-May-25 | 12-May-25 | 13-May-25 | Depending on the Payout TAT of the scheme | ||
| 12-May-25 | 13-May-25 | 14-May-25 | |||
For more details, you can refer to this BSE circular.