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27 Mar 2026, 06:00 PM
Change in mutual fund settlement cycle due to settlement holiday on account of Annual Bank Closure Day on April 01, 2026
April 1, 2026, will be a settlement holiday on account of Annual Bank Closure Day. Refer to the changes below:
- Purchase and redemption orders placed in liquid and debt schemes after the cut-off time on March 30, 2026, will be processed on April 02, 2026.
- Allotment and redemptions due on April 1, 2026, will be settled on April 02, 2026.
- For Equity schemes, orders will be processed on April 1, 2026.
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 | ||||
| 30-Mar-26 | 30-Mar-26 | 02-Apr-26 | Depending on the Payout TAT of the scheme | ||
| 01-Apr-26 | 01-Apr-26 | 02-Apr-26 | |||
| Debt | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 30-Mar-26 | 30-Mar-26 | 02-Apr-26 | Depending on the Payout TAT of the scheme | ||
| 01-Apr-26 | 02-Apr-26 | 06-Apr-26 | |||
| Liquid (L0) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 30-Mar-26 | 29-Mar-26 | 30-Mar-26 | NA | ||
| 01-Apr-26 | 01-Apr-26 | 02-Apr-26 | |||
| Liquid (T1) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut-off time | Transaction for all settlement type | ||||
| 30-Mar-26 | 01-Apr-26 | 02-Apr-26 | Depending on the Payout TAT of the scheme | ||
| 01-Apr-26 | 05-Apr-26 | 06-Apr-26 | |||
For more details, you can refer to this BSE circular.