Description
BSE announces non-business days in September 2025 for various mutual fund schemes across multiple fund houses on the StAR MF platform.
Summary
BSE has announced non-business days for September 2025 affecting various mutual fund schemes across multiple fund houses on the BSE StAR MF platform. The circular lists specific dates when certain international and domestic mutual fund schemes will not process transactions.
Key Points
- Multiple fund houses affected including Axis, Franklin, Kotak, Edelweiss, ICICI, Nippon, Bandhan, DSP, Invesco, and Tata
- Primary dates affected: September 1, 4, 5, and 26, 2025
- Mainly affects international equity funds, fund of funds, and some debt/liquid schemes
- Different fund houses have different non-business days based on underlying market holidays
Regulatory Changes
No regulatory changes - this is an operational notice regarding trading calendar adjustments.
Compliance Requirements
- Fund houses must ensure no transactions are processed on specified non-business days
- Investors should plan transactions accordingly to avoid processing delays
- BSE StAR MF platform will not accept orders for affected schemes on listed dates
Important Dates
- September 1, 2025: Non-business day for most international equity funds and US-focused schemes
- September 4, 2025: Kotak NASDAQ 100 FOF affected
- September 5, 2025: Multiple schemes affected, particularly debt and liquid funds
- September 26, 2025: Kotak International REIT FOF affected
Impact Assessment
Medium impact on mutual fund investors and distributors using BSE StAR MF platform. Investors holding or planning to transact in the listed schemes need to adjust their transaction timing. The impact is contained to specific international and specialized domestic schemes, with most equity and debt funds continuing normal operations on other dates.
Impact Justification
Operational notice affecting mutual fund transactions but limited to specific schemes and dates