Description

BSE announces non-business days in November 2025 for various mutual fund schemes including international funds and FOFs from Axis, Franklin, Kotak, Edelweiss, Nippon, and ICICI Prudential.

Summary

BSE has announced non-business days for November 2025 affecting certain mutual fund schemes on the BSE StAR MF platform. The circular lists specific dates when transactions will not be processed for various international funds and fund-of-funds (FOFs) across six asset management companies: Axis, Franklin, Kotak, Edelweiss, Nippon, and ICICI Prudential.

Key Points

  • Multiple mutual fund schemes will observe non-business days in November 2025
  • Affected schemes are primarily international funds and fund-of-funds
  • Six AMCs impacted: Axis, Franklin, Kotak, Edelweiss, Nippon, and ICICI Prudential
  • Non-business days vary by scheme and AMC
  • Transactions will not be processed on these designated dates

Important Dates

Axis Mutual Fund:

  • November 27, 2025: Axis Greater China Equity Fund of Fund, Axis Global Innovation Fund of Fund

Franklin Mutual Fund:

  • November 27, 2025: Franklin India Feeder - Franklin U S Opportunities Fund

Kotak Mutual Fund:

  • November 4, 2025: Kotak International REIT FOF, Kotak NASDAQ 100 FOF
  • November 5, 2025: Kotak NASDAQ 100 FOF
  • November 11, 2025: Kotak International REIT FOF
  • November 27, 2025: Kotak International REIT FOF

Edelweiss Mutual Fund:

  • November 11, 2025: Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund
  • November 27, 2025: US Value, US Technology & MSCI World Healthcare Fund

Nippon Mutual Fund:

  • November 3, 2025: Nippon India Japan Equity Fund

ICICI Prudential Mutual Fund:

  • November 3, 2025: ICICI Prudential Global Advantage Fund
  • November 11, 2025: ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Global Advantage Fund, ICICI Prudential NASDAQ 100 Index Fund, ICICI Prudential Passive Multi-Asset Fund of Funds

Compliance Requirements

  • Investors should plan their transactions accordingly and avoid placing orders on the specified non-business days
  • AMCs and distributors must inform investors about these non-business days
  • No subscription, redemption, or switch transactions will be processed for the affected schemes on these dates

Impact Assessment

This is a routine operational notice with minimal market impact. The non-business days are primarily due to holidays in the respective international markets where these funds invest (US, Japan, China, global markets). Investors in these specific schemes need to plan their transactions around these dates, but the broader market and other mutual fund schemes remain unaffected. The impact is limited to transaction processing delays for investors in the listed schemes.

Impact Justification

Routine operational notice regarding non-business days for specific mutual fund schemes. Affects only investors in the listed international and FOF schemes with no broader market impact.