Description

BSE announces non-business days in December 2025 for select mutual fund schemes including international equity and bond funds from Nippon, ICICI, Bandhan, and Invesco.

Summary

BSE has announced non-business days for certain mutual fund schemes on the BSE StAR MF Platform during December 2025. The circular specifically affects international equity and bond fund schemes from four asset management companies: Nippon India, ICICI Prudential, Bandhan, and Invesco. Transactions for these schemes will not be processed on the specified dates due to holidays in their underlying international markets.

Key Points

  • Non-business days announced for December 24 and December 31, 2025
  • Affects international fund schemes from Nippon India, ICICI Prudential, Bandhan, and Invesco
  • BSE StAR MF Platform will not process transactions for these schemes on specified dates
  • Impact limited to schemes investing in international markets (US, Japan, global equities)
  • Includes both equity funds and US Treasury bond funds

Affected Mutual Fund Schemes

Nippon India (December 31, 2025):

  • Nippon India Japan Equity Fund

ICICI Prudential:

  • ICICI Prudential Global Stable Equity Fund (December 24, 2025)
  • ICICI Prudential Global Advantage Fund (December 31, 2025)

Bandhan:

  • Bandhan US Equity Fund of Fund (December 24 and December 31, 2025)
  • Bandhan US Treasury Bond 0-1 year Fund of Fund (December 24 and December 31, 2025)

Invesco (December 31, 2025):

  • Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund

Important Dates

  • December 24, 2025: Non-business day for ICICI Prudential Global Stable Equity Fund and Bandhan schemes (US Equity Fund of Fund and US Treasury Bond Fund of Fund)
  • December 31, 2025: Non-business day for Nippon India Japan Equity Fund, ICICI Prudential Global Advantage Fund, Bandhan schemes (US Equity Fund of Fund and US Treasury Bond Fund of Fund), and Invesco EQQQ Nasdaq-100 ETF Fund of Fund

Impact Assessment

This circular has minimal market impact as it only affects subscription, redemption, and switch transactions for specific international mutual fund schemes on the BSE StAR MF platform. Investors planning to transact in these schemes should be aware of the non-business days and plan accordingly. The closure aligns with holiday schedules in underlying international markets (US and Japan). Domestic equity trading and other mutual fund schemes remain unaffected.

Impact Justification

Routine operational update affecting only specific mutual fund schemes on designated non-business days. No trading impact on equities or broader market operations.