Description

BSE announces non-business days in August 2025 for various mutual fund schemes including Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco funds.

Summary

BSE has announced non-business days for various mutual fund schemes on the BSE StAR MF Platform during August 2025. The circular affects schemes from multiple fund houses including Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco.

Key Points

  • Multiple fund houses have declared non-business days for their schemes in August 2025
  • Kotak NASDAQ 100 FOF has the most non-business days (5 days)
  • Edelweiss has declared August 15 and 27 as non-business days for all schemes
  • DSP has declared August 15 and 27 as closure days for all DSP schemes
  • Various international fund-of-funds are affected due to underlying market holidays

Regulatory Changes

No regulatory changes announced. This is an operational communication regarding scheduled non-business days.

Compliance Requirements

  • Fund houses must ensure no transactions occur on declared non-business days
  • Investors should be aware of these dates when planning transactions
  • BSE StAR MF Platform will not process transactions for affected schemes on specified dates

Important Dates

August 2025 Non-Business Days:

  • August 1: DSP Global Innovation FOF, Invesco EQQQ Nasdaq-100 ETF Fund of Fund
  • August 4: Kotak Global Emerging FOF, DSP Value Fund
  • August 14: Kotak NASDAQ 100 FOF
  • August 15: Kotak NASDAQ 100 FOF, All Edelweiss schemes, All DSP schemes
  • August 25: Axis NASDAQ 100 Fund of Fund, Franklin India Feeder - Templeton European Opportunities Fund, Kotak NASDAQ 100 FOF, DSP Global Innovation FOF
  • August 26: Kotak NASDAQ 100 FOF
  • August 27: Kotak NASDAQ 100 FOF, All Edelweiss schemes, All DSP schemes

Impact Assessment

Market Impact: Medium - affects transaction processing for multiple mutual fund schemes

Operational Impact: Investors planning to transact in the affected schemes must account for these non-business days. Fund houses with international exposure (particularly US markets) show more non-business days due to underlying market holidays. The impact is primarily operational with no direct effect on fund performance or market structure.

Impact Justification

Affects trading operations for multiple mutual fund schemes but is a scheduled operational matter