Description
BSE announces non-business days for various mutual fund schemes including AXIS, Franklin, Kotak, Edelweiss, DSP, and Invesco during December 2025.
Summary
BSE has issued a circular announcing non-business days for certain mutual fund schemes on the BSE StAR MF Platform during December 2025. The circular affects fund of funds and offshore schemes from six asset management companies: AXIS, Franklin, Kotak, Edelweiss, DSP, and Invesco. The non-business days primarily coincide with Christmas holidays (December 24-26) and year-end holidays (December 31), reflecting international market closures that impact these offshore and international investment schemes.
Key Points
- AXIS Mutual Fund: December 24, 25, 26 for Greater China, Global Equity Alpha, Global Innovation, NASDAQ 100, and US Treasury Dynamic Bond schemes
- Franklin Mutual Fund: December 25-26 for US Opportunities and Templeton European Opportunities schemes
- Kotak Mutual Fund: December 24-26 for US Specific Equity, International REIT, and Global Emerging Market schemes
- Edelweiss Mutual Fund: December 24, 26, 31 for all offshore schemes; December 25 for all schemes
- DSP Mutual Fund: December 24-26, 29 for various global and natural resources schemes; December 25 all schemes closed
- Invesco Mutual Fund: December 24, 26, 31 for NASDAQ-100, Global Consumer Trends, Global Equity Income, and Pan European schemes
Regulatory Changes
No regulatory changes. This is a routine operational notification regarding holiday schedules.
Compliance Requirements
- Investors will not be able to place purchase, redemption, or switch transactions for affected schemes on specified non-business days
- AMCs must ensure proper communication to distributors and investors about these non-business days
- BSE StAR MF platform will not process transactions for these schemes on the specified dates
Important Dates
- December 24, 2025: Non-business day for AXIS, Kotak, Edelweiss, DSP, and Invesco offshore schemes
- December 25, 2025: Non-business day for all mentioned AMCs (DSP all schemes closed)
- December 26, 2025: Non-business day for AXIS, Franklin, Kotak, Edelweiss, DSP, and Invesco offshore schemes
- December 29, 2025: Non-business day for DSP Value Fund only
- December 31, 2025: Non-business day for Edelweiss and Invesco offshore schemes
Impact Assessment
Market Impact: Minimal. The non-business days affect only fund of funds and offshore schemes that invest in international markets, which naturally follow the holiday schedules of their underlying markets.
Investor Impact: Low. Investors planning transactions in these specific schemes during the Christmas and New Year period should plan accordingly. Domestic equity and debt schemes are not affected.
Operational Impact: Routine. This is standard practice for schemes investing in international markets that observe different holiday calendars. The notification ensures transparency and helps investors plan their transactions appropriately.
Impact Justification
Routine holiday schedule notification for specific mutual fund schemes with limited operational impact on regular investors