Description

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

Summary

BSE has released the comprehensive trading and settlement programme for the mutual fund segment covering the period from September 1, 2025, to September 30, 2025. The circular provides detailed settlement schedules for mutual fund subscriptions (both liquid and non-liquid), redemptions, and associated fund payout timelines.

Key Points

  • Settlement schedule covers 22 trading days in September 2025
  • Non-liquid fund subscriptions have T+1 payout cycle
  • Liquid fund subscriptions have same-day (T+0) payout
  • Fund payouts to AMCs for non-liquid transactions occur before 3:00 PM on T day
  • NFO scheme payouts happen on T+1 basis subject to funds confirmation by 6:00 PM
  • Redemption payouts vary based on scheme TAT (T1 to T10)

Regulatory Changes

No regulatory changes introduced. This is a routine operational schedule announcement.

Compliance Requirements

  • Market participants must follow the specified settlement numbers and dates
  • AMCs must ensure proper coordination for fund payouts within specified timelines
  • Investors should check scheme master on BSE Star MF Platform for redemption TAT details
  • All transactions must adhere to the published settlement calendar

Important Dates

  • Effective Period: September 1, 2025 to September 30, 2025
  • Settlement Numbers: 2526104 to 2526125
  • Fund Payout Deadline: Before 3:00 PM on T day for non-liquid transactions
  • NFO Confirmation Deadline: 6:00 PM on T day for T+1 payout
  • Holiday Adjustments: September 5 and 7 are non-trading days (settlements skip to next business day)

Impact Assessment

Market Impact: Medium - affects all mutual fund trading participants and AMCs operating through BSE platform. Operational Impact: Essential for trade settlement planning and liquidity management. Investor Impact: Provides clarity on transaction processing timelines, especially important for redemption planning based on scheme-specific TAT requirements.

Impact Justification

Operational circular providing essential trading schedule information for mutual fund segment participants