Description

BSE announces 15 trading holidays for the Mutual Fund Segment (BSEStAR MF) during calendar year 2026, including national and religious festivals.

Summary

BSE has announced the trading holiday schedule for the Mutual Fund Segment (BSEStAR MF) for calendar year 2026. The Exchange will observe 15 trading holidays on weekdays, plus 4 additional holidays falling on weekends. This notice is directed to Mutual Fund Intermediaries (MFIs), Mutual Fund Distributors (MFDs), Registered Investment Advisors (RIAs), and Registered Fund Distributors (RFDs).

Key Points

  • 15 trading holidays scheduled on weekdays during 2026
  • 4 additional holidays falling on Saturday/Sunday (Mahashivratri, Id-Ul-Fitr, Independence Day, Diwali Laxmi Pujan)
  • First holiday: Republic Day (26-Jan-26, Monday)
  • Last holiday: Christmas (25-Dec-26, Friday)
  • Exchange reserves right to alter/change holidays with advance notice via separate circular
  • Notice No: 20251223-4 issued under Settlement/RMS Category

Regulatory Changes

No regulatory changes. This is an informational circular establishing the trading calendar for the BSEStAR MF segment for 2026.

Compliance Requirements

  • MFIs, MFDs, RIAs, and RFDs must plan their operations around the specified holidays
  • Market participants should note that the Exchange may alter these holidays with advance notice
  • No mutual fund trading will occur on BSEStAR MF platform on the specified dates

Important Dates

2026 Trading Holidays (Weekdays):

  1. Republic Day - 26-Jan-26 (Monday)
  2. Holi - 03-Mar-26 (Tuesday)
  3. Shri Ram Navami - 26-Mar-26 (Thursday)
  4. Shri Mahavir Jayanti - 31-Mar-26 (Tuesday)
  5. Good Friday - 03-Apr-26 (Friday)
  6. Dr. Baba Saheb Ambedkar Jayanti - 14-Apr-26 (Tuesday)
  7. Maharashtra Day - 01-May-26 (Friday)
  8. Bakri Id - 28-May-26 (Thursday)
  9. Muharram - 26-Jun-26 (Friday)
  10. Ganesh Chaturthi - 14-Sep-26 (Monday)
  11. Mahatma Gandhi Jayanti - 02-Oct-26 (Friday)
  12. Dussehra - 20-Oct-26 (Tuesday)
  13. Diwali Balipratipada - 10-Nov-26 (Tuesday)
  14. Prakash Gurpurb Sri Guru Nanak Dev - 24-Nov-26 (Tuesday)
  15. Christmas - 25-Dec-26 (Friday)

Holidays on Weekends:

  1. Mahashivratri - 15-Feb-26 (Sunday)
  2. Id-Ul-Fitr (Ramzan Id) - 21-Mar-26 (Saturday)
  3. Independence Day - 15-Aug-26 (Saturday)
  4. Diwali Laxmi Pujan - 08-Nov-26 (Sunday)

Impact Assessment

Operational Impact: Market participants in the mutual fund segment must plan their trading and settlement activities around these 15 non-trading days. This advance notice allows for proper resource planning and client communication.

Market Impact: Minimal direct market impact as this is a scheduled calendar announcement. However, mutual fund transactions, SIPs, redemptions, and switches through BSEStAR MF platform will not be processed on these dates.

Planning Considerations: The distribution of holidays throughout 2026 includes multiple holiday periods in March-April (4 holidays) and October-November (3 holidays), requiring special attention for quarter-end and year-end mutual fund operations.

Impact Justification

Advance notification of trading holidays for calendar year 2026 allows MFIs, MFDs, RIAs, and RFDs to plan operations. Medium impact due to operational planning requirements across the mutual fund industry.