Description

Transaction processing clarifications for mutual fund transactions on Eid-e-Milad holiday September 5, 2025.

Summary

BSE has issued clarifications for mutual fund transaction processing on September 5, 2025 (Eid-e-Milad holiday) on the BSE StAR MF Platform. The circular provides specific NAV applicability dates, unit allotment schedules, and payout timelines for different types of mutual fund schemes during the holiday period.

Key Points

  • Holiday transaction processing guidelines for September 5, 2025 (Eid-e-Milad)
  • Different NAV applicability rules for Equity, Debt, and Liquid funds
  • Modified settlement schedules for subscription and redemption transactions
  • Specific cut-off times for different fund categories
  • Unit allotment and payout date adjustments

Transaction Processing Schedule

Equity Funds:

  • September 4: NAV applicable same day, unit allotment on September 8
  • September 5: NAV applicable same day, unit allotment on September 8
  • Cut-off: Fund confirmation before 2:30 PM

Debt Funds:

  • September 4: NAV applicable same day, unit allotment on September 8
  • September 5: NAV applicable on September 8, unit allotment on September 9
  • Cut-off: Fund confirmation before 2:30 PM

Liquid Funds (L0):

  • September 4: NAV applicable on September 3, unit allotment on September 4
  • September 5: NAV applicable on September 7, unit allotment on September 8
  • Cut-off: Transaction and fund confirmation before 1:00 PM

Liquid Funds (T1):

  • September 4: NAV applicable on September 7, unit allotment on September 8
  • September 5: NAV applicable on September 8, unit allotment on September 9
  • Cut-off: Transactions 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 8, 2025: Primary unit allotment date for most transactions
  • September 9, 2025: Extended allotment date for certain debt and liquid fund transactions

Impact Assessment

This clarification ensures smooth processing of mutual fund transactions during the holiday period, providing clear guidelines to market participants on NAV applicability and settlement schedules. The different treatment for various fund categories reflects their underlying asset characteristics and liquidity requirements.

Impact Justification

Important operational guidance for mutual fund transactions during holiday period affecting settlement schedules