Description

BSE announces the trading and settlement schedule for mutual fund subscriptions (liquid and non-liquid) and redemptions for the period February 1-28, 2026.

Summary

BSE has published the trading and settlement programme for its Mutual Fund segment covering the period February 1-28, 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/securities payout dates.

Key Points

  • Settlement schedule covers 20 settlement cycles (SETM_NO 2526207 to 2526226) for February 2026
  • Non-liquid MF subscriptions follow T+1 payout cycle (units credited next business day)
  • Liquid MF subscriptions follow T+0 payout cycle (same day settlement)
  • Funds payout to AMCs for non-liquid transactions happens before 3:00 PM on T day
  • NFO (New Fund Offering) scheme payouts occur on T day based on funds confirmation received by ICCL till 6:00 PM
  • Redemption settlement dates align with transaction dates, with actual payout based on scheme-specific TAT (T1 to T10)
  • Settlement cycle accounts for market holidays on February 7, 14, 19, 26, 2026 (no settlement numbers assigned)

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to the published settlement schedule for mutual fund transactions
  • AMCs must process funds received before 3:00 PM on T day for non-liquid schemes
  • For NFO schemes, funds confirmation must be provided to ICCL by 6:00 PM on T day
  • Investors should verify redemption TAT for specific schemes using the scheme master on BSE Star MF Platform

Important Dates

  • Settlement Period: February 1-28, 2026
  • First Settlement: February 2, 2026 (SETM_NO 2526207)
  • Last Settlement: February 27, 2026 (SETM_NO 2526226)
  • Market Holidays (no settlements): February 7, 14, 19, 26, 2026
  • Non-Liquid Funds Payout: Before 3:00 PM on transaction day
  • NFO Funds Confirmation Deadline: 6:00 PM on transaction day

Impact Assessment

Market Impact: Minimal. This is a standard monthly operational schedule that ensures orderly settlement of mutual fund transactions on BSE Star MF platform.

Operational Impact: Market participants, AMCs, and investors can plan their mutual fund transactions for February 2026 based on the published schedule. The schedule maintains consistency with standard settlement practices (T+1 for non-liquid, T+0 for liquid schemes).

Investor Impact: Investors can reference this schedule to understand when their subscription units will be credited or redemption proceeds will be paid out, factoring in scheme-specific TAT timelines available on the BSE Star MF Platform.

Impact Justification

Routine monthly settlement schedule announcement for mutual fund segment with standard operational timelines