Description
BARODA Mutual Fund changes settlement type for Multi Asset Active FOF from T+2 to T+3 effective September 3, 2025
Summary
BSE has notified members about a change in the settlement type for BARODA BNP Paribas Multi Asset Active Fund of Funds (FOF) on the BSE StAR MF platform. The settlement period will be extended from T+2 to T+3 days, effective from September 3, 2025.
Key Points
- Settlement type for BARODA BNP Paribas Multi Asset Active FOF changes from T+2 to T+3
- Change applies to transactions on BSE StAR MF platform
- Communication received from Baroda Mutual Fund regarding this operational modification
- Only affects one specific scheme under Baroda Mutual Fund
Regulatory Changes
No regulatory changes involved. This is an operational adjustment in the settlement cycle for a specific mutual fund scheme.
Compliance Requirements
Members trading in the affected scheme must adjust their settlement processes to accommodate the extended T+3 settlement cycle instead of the current T+2 cycle.
Important Dates
- Notice Date: September 2, 2025
- Effective Date: September 3, 2025
- Settlement Change: From T+2 to T+3
Impact Assessment
The change has minimal market impact as it affects only one mutual fund scheme. Investors and intermediaries dealing with this specific fund need to account for an additional day in the settlement process, which may affect liquidity planning and redemption timelines.
Impact Justification
Routine operational change affecting only settlement timing for one specific mutual fund scheme