Description
Baroda Mutual Fund announces change in settlement type from T+2 to T+3 for their Multi Asset Active FOF scheme effective September 3, 2025.
Summary
Baroda Mutual Fund has communicated a change in the settlement type for BARODA BNP PARIBAS MULTI ASSET ACTIVE FOF on the BSE StAR MF platform. The settlement period will be extended from T+2 to T+3, effective September 3, 2025.
Key Points
- Settlement type changes from T+2 to T+3 for Baroda BNP Paribas Multi Asset Active FOF
- Change applies to transactions on BSE StAR MF platform
- Effective date: September 3, 2025
- Notice issued by BSE Trading - Mutual Fund segment
Regulatory Changes
No regulatory changes indicated. This is an operational change in settlement cycle for a specific mutual fund scheme.
Compliance Requirements
Members trading in the affected scheme must update their systems and processes to accommodate the new T+3 settlement cycle starting September 3, 2025.
Important Dates
- Notice Date: September 2, 2025
- Effective Date: September 3, 2025
- Current Settlement: T+2 (until September 2, 2025)
- Revised Settlement: T+3 (from September 3, 2025)
Impact Assessment
Minimal operational impact expected. The change affects only one mutual fund scheme and extends the settlement period by one additional day. Members and investors in this scheme will need to account for the additional day in their liquidity planning and transaction reconciliation processes.
Impact Justification
Routine operational change affecting single mutual fund scheme settlement timing