Description

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

Summary

BSE has released the trading and settlement programme for the Mutual Fund segment on BSE Star MF Platform for January 2026 (01.01.2026 to 31.01.2026). The circular provides detailed settlement schedules for mutual fund subscriptions (both liquid and non-liquid schemes) and redemptions, including settlement numbers, transaction dates, funds pay-in dates, and units/funds payout dates for 21 trading days in January 2026.

Key Points

  • Settlement schedule covers January 1-30, 2026 with 21 settlement cycles (Settlement No. 2526187 to 2526207)
  • Non-liquid mutual fund subscriptions follow T+1 settlement for units payout
  • Liquid mutual fund subscriptions follow same-day (T+0) settlement
  • Funds payout to AMCs for non-liquid transactions happens before 3:00 PM on T day
  • NFO (New Fund Offer) schemes settlement occurs on T day based on funds confirmation received by ICCL by 6:00 PM
  • Redemption funds payout depends on scheme-specific TAT (Turn Around Time) ranging from T+1 to T+10 days
  • No trading scheduled for January 3-4, 10-11, 17-18, 24-26, and 31, 2026 (weekends and holidays)

Regulatory Changes

No regulatory changes. This is a routine operational schedule announcement.

Compliance Requirements

  • Asset Management Companies (AMCs) must adhere to the specified funds pay-in and payout schedules
  • Members must follow the settlement calendar for processing mutual fund transactions
  • Investors should refer to the scheme master available on BSE Star MF Platform to check specific redemption TAT for their schemes
  • Indian Clearing Corporation Limited (ICCL) must receive funds confirmation by 6:00 PM on T day for NFO scheme settlements

Important Dates

Trading Days in January 2026:

  • January 1, 2, 5, 6, 7, 8, 9, 12, 13, 14, 15, 16, 19, 20, 21, 22, 23, 27, 28, 29, 30, 2026

Non-Liquid Subscriptions: Units payout on T+1 day

Liquid Subscriptions: Same-day settlement (T+0)

Redemptions: Payout based on scheme-specific TAT (T+1 to T+10 days)

Settlement Number Range: 2526187 to 2526207

Impact Assessment

Market Impact: Low to Medium - This is a routine operational schedule that ensures smooth functioning of the mutual fund segment on BSE.

Operational Impact: Medium - AMCs, distributors, and investors need to plan their mutual fund transactions according to this schedule. The different settlement timelines for liquid vs non-liquid funds and varying redemption TATs require careful planning.

Investor Impact: Medium - Investors need to be aware of settlement timelines, especially:

  • Non-liquid fund subscriptions take one additional day for units credit
  • Liquid fund subscriptions settle same day
  • Redemption proceeds depend on specific scheme TAT (can range from 1 to 10 days)
  • No transactions possible on non-trading days

Stakeholders Affected: Mutual fund investors, Asset Management Companies, distributors, brokers, and clearing corporation members operating on BSE Star MF Platform.

Impact Justification

Operational circular providing standard monthly settlement schedule for mutual fund segment. Medium impact for mutual fund investors and AMCs who need to plan transactions. Not related to specific stocks but affects mutual fund market operations.