Description

BSE announces special transaction acceptance procedures for mutual funds on Eid-e-Milad holiday, September 05, 2025.

Summary

BSE has announced special transaction acceptance procedures for mutual fund trading on September 05, 2025 (Eid-e-Milad), which will be a non-business day for Debt and Liquid Funds. Subscription orders for debt and liquid mutual fund schemes will be accepted on the holiday but reported to registrars on the next business day, while redemption orders will be processed normally.

Key Points

  • September 05, 2025 will be a non-business day for Debt and Liquid Funds due to Eid-e-Milad
  • Subscription orders in Debt, Liquid Mutual Fund schemes and L1/L0 category schemes will be accepted on September 05
  • Orders will be reported to respective Registrars on the next business day
  • Orders will appear in Provisional Order Report with order date as September 05, 2025
  • Order Status Report will show order date as September 08, 2025
  • Redemption/Switch/STP orders in all categories will be accepted and reported on September 05
  • Both redemption unit pay-in and pay-out will be processed on the same day for September 05 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 number 20250903-47 for additional guidance
  • Members should be aware of the different reporting dates for orders placed on the holiday
  • NAV applicability rules as per attached Annexure must be followed

Important Dates

  • September 05, 2025: Eid-e-Milad holiday, non-business day for Debt and Liquid Funds
  • September 08, 2025: Next business day for reporting subscription orders

Impact Assessment

Medium operational impact on mutual fund market participants who need to adjust their settlement and reporting processes for the holiday. The circular ensures continuity of mutual fund transactions while accommodating the religious holiday observance.

Impact Justification

Operational circular affecting mutual fund transactions on a holiday with specific settlement procedures