Description

BSE announces trading and settlement schedule for mutual fund transactions covering subscription and redemption for September 1-30, 2025.

Summary

BSE has published the trading and settlement programme for the mutual fund segment covering the period September 1-30, 2025. The circular provides detailed settlement schedules for mutual fund subscriptions (both liquid and non-liquid schemes) and redemptions with specific settlement numbers, dates, and payout timelines.

Key Points

  • Settlement programme covers September 1-30, 2025 for mutual fund segment
  • Non-liquid subscription funds payout to AMCs happens before 3:00 PM on T day
  • NFO scheme payouts occur on T+1 day based on funds confirmation received by ICCL till 6:00 PM on T day
  • Liquid scheme subscriptions have same-day settlement (T+0)
  • Redemption settlements vary based on scheme TAT (T1 to T10)
  • 21 settlement cycles scheduled for the month (excluding September 6-7)

Regulatory Changes

No regulatory changes announced. This is a routine operational schedule publication.

Compliance Requirements

  • Market participants must follow the published settlement schedule
  • AMCs must ensure timely confirmation for NFO schemes by 6:00 PM on T day
  • Investors should check scheme master on BSE Star MF Platform for redemption TAT details

Important Dates

  • Effective Period: September 1-30, 2025
  • Settlement Numbers: 2526104 to 2526125
  • Non-trading Days: September 6-7, 2025 (weekends)
  • Funds Payout: Before 3:00 PM on T day for non-liquid schemes
  • NFO Payout: T+1 day for NFO schemes

Impact Assessment

This operational schedule ensures smooth functioning of mutual fund trading on BSE Star MF platform. The standardized settlement cycles provide clarity to market participants, AMCs, and investors regarding fund flows and unit allocations. The differentiated treatment for liquid vs non-liquid schemes and varying redemption TATs reflects the operational requirements of different mutual fund categories.

Impact Justification

Operational schedule affecting mutual fund trading participants but routine monthly announcement