Description

BSE announces special transaction acceptance procedures for mutual fund operations on September 5, 2025 (Eid-e-Milad holiday).

Summary

BSE has issued special procedures for mutual fund transactions on September 5, 2025 (Eid-e-Milad holiday). While it will be a non-business day for Debt and Liquid Funds, subscription orders will still be accepted with modified reporting schedules.

Key Points

  • September 5, 2025 will be a non-business day for Debt and Liquid Funds due to Eid-e-Milad
  • Subscription orders in Debt, Liquid, L1 and L0 category schemes will be accepted on September 5, 2025
  • Orders will be reported to Registrars on the next business day
  • Provisional Order Report will show order date as September 5, 2025
  • Order Status Report will show order date as September 8, 2025
  • All redemption, switch, and STP orders will be accepted and reported on September 5, 2025
  • Both redemption unit pay-in and pay-out will be processed on the same day for September 5 orders

Regulatory Changes

No permanent regulatory changes. This is a temporary operational adjustment for the Eid-e-Milad holiday.

Compliance Requirements

  • Market participants must refer to BSE Notice 20250903-47 for additional guidance
  • NAV applicability details are provided in the attached Annexure
  • Members should adjust their operational procedures for the modified reporting schedules

Important Dates

  • September 5, 2025: Eid-e-Milad holiday - non-business day for Debt and Liquid Funds
  • September 5, 2025: Subscription orders accepted but reported next business day
  • September 8, 2025: Order date shown in Order Status Report for September 5 transactions

Impact Assessment

Moderate operational impact on mutual fund platforms and participants. The acceptance of subscription orders on a non-business day provides continuity for investors while maintaining proper settlement procedures. Market participants need to adjust their systems to handle the modified reporting dates.

Impact Justification

Important for mutual fund operations but limited to specific holiday procedures