Description

BSE announces changes in settlement type for three Aditya Birla mutual fund schemes from T+6 to T+5 with immediate effect.

Summary

BSE has announced changes in settlement type for three Aditya Birla mutual fund schemes on the BSE StAR MF platform. The settlement period has been reduced from T+6 to T+5 days, effective immediately.

Key Points

  • Settlement type change applies to three Aditya Birla mutual fund schemes
  • Change is effective immediately on BSE StAR MF platform
  • Settlement period reduced from T+6 to T+5 days
  • Communication received directly from Aditya Birla Mutual Fund

Regulatory Changes

Settlement type modification for the following schemes:

  • ADITYA BIRLA SUN LIFE GLOBAL EMERGING OPPORTUNITIES FUND: T+6 to T+5
  • ADITYA BIRLA SUN LIFE GLOBAL EXCELLENCE EQUITY FUND OF FUND: T+6 to T+5
  • ADITYA BIRLA SUN LIFE INTERNATIONAL EQUITY FUND: T+6 to T+5

Compliance Requirements

Members trading in these mutual fund schemes must adapt to the new T+5 settlement cycle for transactions on BSE StAR MF platform.

Important Dates

  • Effective Date: Immediate (August 23, 2025)
  • Notice Date: August 23, 2025

Impact Assessment

Minimal operational impact as this is a beneficial change reducing settlement time by one day. Members will receive funds/units one day earlier than the previous T+6 cycle.

Impact Justification

Operational change affecting settlement timing for specific mutual fund schemes with minimal market impact