Description

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

Summary

BSE has announced non-business days for certain mutual fund schemes on the BSE StAR MF Platform during August 2025. Multiple fund houses including Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco will have specific schemes closed on various dates throughout the month.

Key Points

  • Multiple fund houses affected: Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco
  • Non-business days span throughout August 2025
  • Kotak NASDAQ 100 FOF has multiple closure dates (August 14, 15, 25, 26, 27)
  • Edelweiss has all schemes closed on August 15 and 27
  • DSP has all schemes closed on August 15 and 27
  • Specific international and FOF schemes are primarily affected

Regulatory Changes

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

Compliance Requirements

  • Investors should plan transactions accordingly around the specified non-business days
  • Fund houses must ensure proper communication to investors about closure dates
  • BSE StAR MF Platform will not process transactions for affected schemes on specified dates

Important Dates

  • August 1, 2025: DSP Global Innovation FOF, Invesco EQQQ Nasdaq-100 ETF Fund of Fund closed
  • August 4, 2025: Kotak Global Emerging FOF, DSP Value Fund closed
  • August 14, 2025: Kotak NASDAQ 100 FOF closed
  • August 15, 2025: Kotak NASDAQ 100 FOF, All Edelweiss schemes, All DSP schemes closed
  • August 25, 2025: Axis NASDAQ 100 Fund, Franklin India Feeder Fund, Kotak NASDAQ 100 FOF, DSP Global Innovation FOF closed
  • August 26-27, 2025: Kotak NASDAQ 100 FOF closed
  • August 27, 2025: All Edelweiss schemes, All DSP schemes closed

Impact Assessment

Medium impact on mutual fund investors and distributors. The closure affects specific international and fund-of-fund schemes during August 2025. Investors planning to transact in these schemes should be aware of the non-business days to avoid transaction delays. The impact is primarily operational and temporary, affecting subscription, redemption, and switch transactions on the specified dates.

Impact Justification

Affects multiple mutual fund schemes' operations but limited to specific dates in August 2025