Description

BSE notifies non-business days in January 2026 for select mutual fund schemes from Nippon India and ICICI Prudential on the StAR MF platform.

Summary

BSE has issued an update regarding non-business days for certain mutual fund schemes on the BSE StAR MF Platform during January 2026. The circular specifically lists non-business days for international equity funds from Nippon India Mutual Fund and ICICI Prudential Mutual Fund. These non-business days are scheduled due to holidays in the respective international markets where these funds invest.

Key Points

  • Nippon India Japan Equity Fund will observe a non-business day on January 12, 2026
  • Nippon India US Equity Opportunities Fund will observe a non-business day on January 19, 2026
  • ICICI Prudential Global Advantage Fund will observe a non-business day on January 12, 2026
  • These non-business days apply only to the specified schemes on BSE StAR MF Platform
  • Transactions in these schemes will not be processed on the respective non-business days

Regulatory Changes

No regulatory changes. This is an operational notification regarding schedule adjustments for specific mutual fund schemes.

Compliance Requirements

  • Mutual fund distributors and investors should note the non-business days for the affected schemes
  • No transactions (purchases, redemptions, switches) will be processed for these schemes on their respective non-business days
  • Market participants should plan their investment activities accordingly

Important Dates

  • January 12, 2026: Non-business day for Nippon India Japan Equity Fund and ICICI Prudential Global Advantage Fund
  • January 19, 2026: Non-business day for Nippon India US Equity Opportunities Fund

Impact Assessment

Market Impact: Minimal. This affects only specific international equity mutual fund schemes.

Operational Impact: Investors planning transactions in these schemes must account for the non-business days. Any transaction requests received for these schemes on non-business days will be processed on the next business day.

Investor Impact: Limited to investors holding or planning to transact in the three specified international equity funds. The non-business days align with holidays in the respective overseas markets (Japan and United States) where these funds invest.

Impact Justification

Informational update about specific non-business days for select international mutual fund schemes, affecting only investors in these specific funds