Description

BSE notifies non-business days for various mutual fund schemes including Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco for December 2025.

Summary

BSE has announced non-business days for certain mutual fund schemes on the BSE StAR MF Platform during December 2025. The circular covers schemes from six fund houses: Axis, Franklin, Kotak, Edelweiss, DSP, and Invesco. These non-business days primarily coincide with Christmas (December 24-26) and year-end holidays (December 31), affecting primarily international and fund-of-funds schemes.

Key Points

  • Multiple mutual fund schemes will observe non-business days during December 24-26 and December 31, 2025
  • Axis MF: 5 fund-of-funds schemes affected (Greater China, Global Equity Alpha, Global Innovation, NASDAQ 100, US Treasury Dynamic Bond)
  • Franklin MF: 2 schemes affected (US Opportunities and European Opportunities feeder funds)
  • Kotak MF: 3 schemes affected (US Specific Equity Passive, International REIT, Global Emerging Market)
  • Edelweiss MF: All offshore schemes closed on December 24, 26, 31; all schemes closed on December 25
  • DSP MF: Multiple schemes affected including US Specific Equity, Global Clean Energy, World Mining, Natural Resources; all schemes closed on December 25
  • Invesco MF: 4 schemes affected (NASDAQ-100 ETF, Global Consumer Trends, Global Equity Income, Pan European Equity)

Regulatory Changes

No regulatory changes. This is an operational notification regarding scheduled holidays for mutual fund schemes.

Compliance Requirements

  • Investors should note that transactions in the specified mutual fund schemes will not be processed on the non-business days mentioned
  • Fund houses and distributors should inform investors about these non-business days in advance
  • BSE StAR MF platform participants should adjust their operational calendars accordingly

Important Dates

  • December 24, 2025: Non-business day for Axis (3 schemes), Kotak (1 scheme), Edelweiss (offshore schemes), DSP (6 schemes), Invesco (4 schemes)
  • December 25, 2025: Non-business day for Axis (5 schemes), Franklin (2 schemes), Kotak (3 schemes), Edelweiss (all schemes), DSP (all schemes)
  • December 26, 2025: Non-business day for Axis (5 schemes), Franklin (1 scheme), Kotak (3 schemes), Edelweiss (offshore schemes), DSP (8 schemes), Invesco (4 schemes)
  • December 29, 2025: Non-business day for DSP Value Fund only
  • December 31, 2025: Non-business day for Edelweiss (offshore schemes), Invesco (4 schemes)

Impact Assessment

Market Impact: Minimal. This is a routine operational notification that does not affect market trading or overall liquidity.

Investor Impact: Low. Investors in these specific mutual fund schemes should plan their transactions accordingly, avoiding the non-business days. The closures are primarily aligned with international market holidays, particularly affecting fund-of-funds and international schemes.

Operational Impact: Affects transaction processing for specified schemes only. BSE StAR MF platform and participating intermediaries need to ensure their systems reflect these non-business days to prevent transaction failures or rejections.

Impact Justification

Operational circular informing about scheduled non-business days for specific mutual fund schemes during December 2025, affecting only fund transactions on specified dates