Description
BSE announces trading holiday for Mutual Fund segment on January 15, 2026 due to Municipal Corporation Elections in Maharashtra. Revised settlement calendar for January 2026 provided.
Summary
BSE announces that the Mutual Fund segment will remain closed on Thursday, January 15, 2026, due to Municipal Corporation Elections in Maharashtra. No trading will take place on that day. A revised settlement calendar for January 2026 has been issued covering subscription (liquid and non-liquid) and redemption transactions with adjusted settlement dates.
Key Points
- Trading holiday on January 15, 2026 for BSE Mutual Fund segment
- Reason: Municipal Corporation Elections in Maharashtra
- Revised settlement calendar applicable for entire January 2026
- Affects all market participants on BSE StAR MF platform
- Settlement number 2526196 (dated 14-01-2026) payout moved to 16-01-2026
- Settlement number 2526197 starts from 16-01-2026
Regulatory Changes
No permanent regulatory changes. This is a temporary operational adjustment for a scheduled holiday.
Compliance Requirements
- Market participants must follow the revised settlement calendar for January 2026
- Non-liquid MF subscription: funds payout to AMCs before 3:00 PM on T day
- NFO scheme transactions: payout on T day based on funds confirmation received by ICCL till 6:00 PM
- Redemption payout timing depends on scheme TAT (T1 to T10)
- Investors should check scheme master on BSE Star MF Platform for redemption TAT details
Important Dates
- January 15, 2026: Trading holiday - Exchange closed for Mutual Fund segment
- January 14, 2026: Last trading day before holiday (settlement 2526196)
- January 16, 2026: Trading resumes (settlement 2526197)
- Payout adjustment: Settlement 2526196 units payout shifted from 15-01-2026 to 16-01-2026
Impact Assessment
Operational Impact: Medium - affects settlement schedules for one day with cascading effect on payout dates. Market participants need to adjust their fund management and liquidity planning.
Market Segments Affected: Mutual Fund segment only (Subscription - Liquid and Non-Liquid, Redemption)
Liquidity Impact: Minimal - single day closure with clear advance notice allows proper planning. Settlement cycle continues with one-day shift for affected transactions.
Investor Impact: Low to Medium - investors should be aware of adjusted payout dates, particularly for transactions dated January 14, 2026. No impact on redemption TAT structure which remains scheme-dependent (T1 through T10).
Impact Justification
Scheduled trading holiday affects mutual fund segment operations for one day with revised settlement schedules. Medium impact as it requires awareness for settlement planning but is a planned closure.