Description

BSE announces non-business days in November 2025 for various mutual fund schemes including international and sectoral funds from multiple AMCs.

Summary

BSE has announced non-business days for November 2025 affecting specific mutual fund schemes on the BSE StAR MF Platform. The circular lists schemes from Axis, Franklin, Kotak, Edelweiss, Nippon, and ICICI Prudential AMCs that will observe non-business days primarily on November 3, 4, 5, 11, and 27, 2025. These are primarily international and Fund of Fund schemes that align their holidays with foreign market closures.

Key Points

  • Multiple AMCs have declared non-business days for their international and FoF schemes in November 2025
  • November 3, 2025: Nippon India Japan Equity Fund, ICICI Prudential Global Advantage 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, Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund, 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
  • November 27, 2025: Axis Greater China Equity Fund of Fund, Axis Global Innovation Fund of Fund, Franklin India Feeder - Franklin US Opportunities Fund, Kotak International REIT FOF, Edelweiss US Value/US Technology/MSCI World Healthcare Funds

Affected Schemes by AMC

Axis Mutual Fund

  • Axis Greater China Equity Fund of Fund (Nov 27)
  • Axis Global Innovation Fund of Fund (Nov 27)

Franklin Templeton

  • Franklin India Feeder - Franklin US Opportunities Fund (Nov 27)

Kotak Mutual Fund

  • Kotak International REIT FOF (Nov 4, 11, 27)
  • Kotak NASDAQ 100 FOF (Nov 4, 5)

Edelweiss Mutual Fund

  • Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund (Nov 11)
  • US Value, US Technology & MSCI World Healthcare Funds (Nov 27)

Nippon India Mutual Fund

  • Nippon India Japan Equity Fund (Nov 3)

ICICI Prudential Mutual Fund

  • ICICI Prudential Global Advantage Fund (Nov 3, 11)
  • ICICI Prudential US Bluechip Equity Fund (Nov 11)
  • ICICI Prudential NASDAQ 100 Index Fund (Nov 11)
  • ICICI Prudential Passive Multi-Asset Fund of Funds (Nov 11)

Regulatory Changes

No regulatory changes. This is a routine operational notice.

Compliance Requirements

  • Investors should note that transactions in the listed schemes will not be processed on the specified non-business days
  • AMCs and distributors should communicate these non-business days to investors
  • Purchase and redemption requests will be processed on the next business day

Important Dates

  • November 3, 2025: Non-business day for Japan-focused funds
  • November 4-5, 2025: Non-business day for US/NASDAQ focused funds
  • November 11, 2025: Non-business day for multiple US and international funds (likely Veterans Day in US)
  • November 27, 2025: Non-business day for multiple international funds (likely Thanksgiving in US)

Impact Assessment

Minimal market impact. This is a standard operational notice that aligns Indian mutual fund scheme holidays with underlying international market closures. Investors in these specific international and Fund of Fund schemes should plan their transactions accordingly. The non-business days correspond to public holidays in the respective foreign markets (Japan, US) where the underlying investments are made.

Impact Justification

Routine operational notice affecting specific mutual fund schemes on designated non-business days due to international market holidays