Description

BSE announces non-business days in September 2025 for various international and debt mutual fund schemes across multiple fund houses.

Summary

BSE has announced non-business days for certain mutual fund schemes on the BSE StAR MF Platform during September 2025. The circular covers multiple fund houses including Axis, Franklin, Kotak, Edelweiss, ICICI, Nippon, Bandhan, DSP, Invesco, and Tata, with specific dates when various international equity funds, debt funds, and liquid funds will not operate.

Key Points

  • Multiple fund houses affected: Axis, Franklin, Kotak, Edelweiss, ICICI, Nippon, Bandhan, DSP, Invesco, and Tata
  • Primary non-business dates: September 1, 4, 5, and 26, 2025
  • Affects international equity funds, US-focused funds, NASDAQ 100 funds, debt schemes, and liquid funds
  • Each fund house has different schemes affected on different dates

Regulatory Changes

No regulatory changes announced. This is an operational notice regarding trading holidays for specific mutual fund schemes.

Compliance Requirements

  • Fund houses must ensure proper communication to investors about non-business days
  • No transactions (subscriptions/redemptions) will be processed on specified non-business days for affected schemes
  • Investors should plan their transactions accordingly

Important Dates

  • September 1, 2025: Non-business day for international equity funds across multiple AMCs
  • September 4, 2025: Kotak NASDAQ 100 FOF
  • September 5, 2025: Various debt funds, liquid funds, and international equity funds
  • September 26, 2025: Kotak International REIT FOF

Impact Assessment

Market Impact: Medium - affects multiple mutual fund schemes but limited to specific trading days in September. Investors holding these funds will not be able to transact on the specified non-business days.

Operational Impact: Investors need to plan their mutual fund transactions around these non-business days, particularly for international funds and debt/liquid schemes that typically allow daily transactions.

Impact Justification

Affects trading and redemption of multiple mutual fund schemes but limited to specific dates in September