Description

BSE announces the trading and settlement schedule for mutual fund transactions (subscription and redemption) for the period January 1-31, 2026, covering liquid and non-liquid schemes.

Summary

BSE has announced the trading and settlement programme for its Mutual Fund segment for January 2026 (01.01.2026 to 31.01.2026). The circular details settlement numbers, dates, and fund/unit payout schedules for three categories: MF Subscription (excluding Liquid), MF Subscription (Liquid), and MF Redemption transactions.

Key Points

  • Settlement schedule covers 21 settlement cycles from January 1-30, 2026 (SETM_NO 2526187 to 2526207)
  • For non-liquid subscriptions: T+1 settlement cycle (units payout next business day)
  • For liquid subscriptions: T+0 settlement cycle (same day settlement)
  • Funds payout to AMCs for non-liquid transactions occurs before 3:00 PM on T day
  • NFO (New Fund Offer) scheme payouts depend on funds confirmation received by ICCL till 6:00 PM on T day
  • Redemption units payin occurs on transaction date (T+0)
  • Redemption funds payout follows scheme-specific TAT (ranging from T+1 to T+10 days)

Regulatory Changes

No regulatory changes announced. This is a standard operational schedule.

Compliance Requirements

  • Market participants must follow the specified settlement timelines for mutual fund transactions
  • Investors should verify scheme-specific redemption TAT in the scheme master available on BSE Star MF Platform
  • AMCs must be prepared to receive funds payouts at designated times

Important Dates

  • Applicable Period: January 1-31, 2026
  • First Settlement: January 1, 2026 (SETM_NO 2526187)
  • Last Settlement: January 30, 2026 (SETM_NO 2526207)
  • Non-Liquid Funds Payout: Before 3:00 PM on T day
  • NFO Funds Confirmation Deadline: 6:00 PM on T day

Impact Assessment

Market Impact: Minimal. This is a routine monthly operational schedule that ensures smooth functioning of the mutual fund segment on BSE.

Operational Impact: Medium for mutual fund intermediaries and AMCs who must align their internal processes with these settlement schedules. Investors benefit from clarity on when their transactions will be processed.

Timeline Considerations: The schedule accounts for weekends and holidays, with gaps visible on January 3-4, 10-11, 17-18, 24-26, and 31 (likely non-trading days). Market participants should note the redemption payout timing varies by scheme type (T+1 through T+10), requiring investors to check individual scheme masters for specific TAT details.

Impact Justification

Routine operational schedule for mutual fund trading and settlement. Important for MF participants but standard monthly announcement with no regulatory changes.