Description
Baroda Mutual Fund changes settlement type from T+2 to T+3 for Multi Asset Active FOF effective September 3, 2025
Summary
BSE has announced a change in the settlement type for Baroda BNP Paribas Multi Asset Active Fund of Fund (FOF) on the BSE StAR MF platform. The settlement cycle 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 effective from September 3, 2025
- Applies to transactions on BSE StAR MF platform
- Communication received from Baroda Mutual Fund
Regulatory Changes
No regulatory changes indicated. This is an operational adjustment to the settlement cycle for a specific mutual fund scheme.
Compliance Requirements
Members trading in the affected scheme must adjust their operational processes to accommodate the longer settlement cycle of T+3 instead of T+2.
Important Dates
- September 3, 2025: Revised settlement type (T+3) becomes effective for Baroda BNP Paribas Multi Asset Active FOF
Impact Assessment
Minimal market impact expected. The change affects only one mutual fund scheme and extends the settlement period by one day. Investors and intermediaries dealing with this scheme will need to account for the additional day in settlement processing.
Impact Justification
Routine operational change affecting single mutual fund scheme with minor settlement cycle extension