Description
Baroda Mutual Fund announces change in settlement type from T+2 to T+3 for its Multi Asset Active FOF scheme effective September 3, 2025.
Summary
Baroda Mutual Fund has communicated a change in the settlement type for the Baroda BNP Paribas Multi Asset Active Fund of Funds (FOF) on the BSE StAR MF platform. The settlement cycle will be extended from T+2 to T+3, effective from 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
- Only one scheme affected by this change
Regulatory Changes
No regulatory changes mentioned. This is an operational change in settlement cycle for a specific mutual fund scheme.
Compliance Requirements
Members trading in the affected scheme must adjust their settlement processes to accommodate the new T+3 settlement cycle instead of the current T+2 cycle.
Important Dates
- Notice Date: September 2, 2025
- Effective Date: September 3, 2025 (settlement type change becomes operational)
Impact Assessment
Minimal operational impact expected as the change affects only one mutual fund scheme. Investors and members will experience a one-day extension in the settlement period for transactions in this specific fund, potentially affecting liquidity timing but not overall market operations.
Impact Justification
Routine operational change affecting only one mutual fund scheme's settlement cycle with minimal market impact