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05 Sep 2025, 08:36 AM
Change in mutual fund settlement cycle due to settlement holiday on account of Id-E-Milad on September 08, 2025
September 08, 2025, will be a settlement holiday on account of Id-E-Milad. Refer to the changes below.
- Purchase and redemption orders placed in liquid and debt schemes after the cut-off time on September 05, 2025, will be processed on September 09, 2025.
- Allotment and redemptions due on September 08, 2025, will be settled on September 09, 2025.
- For Equity schemes, orders will be processed on September 08, 2025.
- There will be no redemption fund pay-outs on September 05, 2025 and September 08, 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 | ||||
| 05-Sep-25 | 05-Sep-25 | 09-Sep-25 | Depending on the Payout TAT of the scheme | ||
| 08-Sep-25 | 08-Sep-25 | 09-Sep-25 | |||
| Debt | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 05-Sep-25 | 05-Sep-25 | 09-Sep-25 | Depending on the Payout TAT of the scheme | ||
| 08-Sep-25 | 09-Sep-25 | 10-Sep-25 | |||
| Liquid (L0) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 05-Sep-25 | 04-Sep-25 | 05-Sep-25 | NA | ||
| 08-Sep-25 | 08-Sep-25 | 09-Sep-25 | |||
| Liquid (T1) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 05-Sep-25 | 08-Sep-25 | 09-Sep-25 | Depending on the Payout TAT of the scheme | ||
| 08-Sep-25 | 09-Sep-25 | 10-Sep-25 | |||
For more details, you can refer to this BSE circular.