Description

BSE provides transaction acceptance schedule for mutual fund trades on September 5, 2025 (Eid-e-Milad holiday) across different fund categories.

Summary

BSE has issued clarification regarding mutual fund transaction acceptance and settlement schedules for September 5, 2025 (Eid-e-Milad holiday) on the BSE StAR MF Platform. The circular provides specific timelines for subscription, redemption, NAV applicability, unit allotment, and payout dates across different fund categories.

Key Points

  • Transaction schedules differ based on fund type: Equity, Debt, Liquid (L0), and Liquid (T1)
  • September 5, 2025 is Eid-e-Milad holiday affecting normal settlement cycles
  • Different cut-off times apply for different fund categories
  • Unit allotment dates are extended due to the holiday
  • Payout depends on scheme-specific TAT requirements

Transaction Schedules

Equity Funds

  • Transaction Date Sept 4: NAV applicability Sept 4, Unit allotment Sept 8
  • Transaction Date Sept 5: NAV applicability Sept 5, Unit allotment Sept 8
  • Fund confirmation must be uploaded/received before 2:30 PM

Debt Funds

  • Transaction Date Sept 4: NAV applicability Sept 4, Unit allotment Sept 8
  • Transaction Date Sept 5: NAV applicability Sept 8, Unit allotment Sept 9
  • Fund confirmation must be uploaded/received before 2:30 PM

Liquid Funds (L0)

  • Transaction Date Sept 4: NAV applicability Sept 3, Unit allotment Sept 4
  • Transaction Date Sept 5: NAV applicability Sept 7, Unit allotment Sept 8
  • Transactions must be executed before 1:00 PM with fund confirmation before 1:00 PM

Liquid Funds (T1)

  • Transaction Date Sept 4: NAV applicability Sept 7, Unit allotment Sept 8
  • Transaction Date Sept 5: NAV applicability Sept 8, Unit allotment Sept 9
  • Transactions executed between 1:00 PM to 2:30 PM with fund confirmation before 2:30 PM

Important Dates

  • September 5, 2025: Eid-e-Milad holiday
  • September 4, 2025: Normal trading day with modified settlement
  • September 8-9, 2025: Extended unit allotment dates

Impact Assessment

The holiday affects mutual fund settlement cycles, requiring investors and distributors to plan transactions accordingly. Different fund categories have varying impact levels, with liquid funds having the most complex timing requirements due to their same-day settlement nature.

Impact Justification

Important for mutual fund investors and distributors to understand trading schedules during holiday period