Description
BSE announces transaction acceptance procedures for mutual fund orders on Eid-e-Milad holiday (September 05, 2025).
Summary
BSE has issued guidance on mutual fund transaction acceptance procedures for September 05, 2025 (Eid-e-Milad holiday). Debt and Liquid Fund subscription orders will be accepted but processed differently, while redemption orders will be processed normally.
Key Points
- September 05, 2025 is 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 05 but reported to registrars on next business day
- Orders will appear in Provisional Order Report with September 05 date but Order Status Report will show September 08 date
- Redemption/Switch/STP orders in all scheme categories will be accepted and reported on September 05
- Both redemption unit pay-in and pay-out will be processed same day for September 05 orders
Regulatory Changes
No regulatory changes - this is operational guidance for holiday procedures.
Compliance Requirements
- Market participants must follow specified reporting procedures for different fund categories
- Registrars to process orders according to the timeline specified
- NAV applicability rules as per attached Annexure must be followed
Important Dates
- September 05, 2025: Eid-e-Milad holiday, special transaction procedures apply
- September 08, 2025: Next business day for reporting subscription orders
Impact Assessment
Medium operational impact on mutual fund trading and settlement processes. Affects timing of order processing and reporting but maintains market functionality during holiday period. Market participants need to adjust their operational procedures accordingly.
Impact Justification
Operational guidance for mutual fund transactions during holiday, affects settlement procedures but routine in nature