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 the Mutual Fund segment covering February 1-28, 2026. The circular outlines settlement numbers, dates, and fund payout schedules for mutual fund subscriptions (both liquid and non-liquid schemes) and redemptions processed through the BSE Star MF Platform.

Key Points

  • Settlement cycle covers 20 trading days from February 2-27, 2026 (settlement numbers 2526207 to 2526226)
  • Non-liquid MF subscriptions follow T+1 settlement cycle (funds payin on T, units payout on T+1)
  • Liquid MF subscriptions have same-day settlement (T+0)
  • Non-liquid funds payout to AMCs happens before 3:00 PM on T day
  • NFO scheme payouts occur on T day based on funds confirmation received by ICCL by 6:00 PM
  • Redemption settlement varies by scheme TAT (T+1 to T+10 days)
  • Settlement number 2526220 (February 19) appears only in redemption schedule

Regulatory Changes

No regulatory changes. This is a routine operational circular.

Compliance Requirements

  • Market participants must follow the published settlement schedule for mutual fund transactions
  • Investors should verify scheme-specific redemption TAT from the scheme master on BSE Star MF Platform
  • AMCs must be ready to receive funds payout before 3:00 PM on transaction day for non-liquid schemes
  • ICCL must receive funds confirmation by 6:00 PM on T day for NFO scheme payouts

Important Dates

  • February 2-27, 2026: Trading and settlement period covered by this schedule
  • Excluded dates: February 7, 8, 14, 15, 21, 22, 28 (weekends/holidays - no settlement)
  • Daily cutoff: 3:00 PM for non-liquid funds payout to AMCs
  • NFO cutoff: 6:00 PM for funds confirmation to ICCL

Impact Assessment

Market Impact: Minimal. This is a standard monthly operational schedule that ensures smooth functioning of mutual fund trading and settlement on BSE platform.

Operational Impact: Provides clarity to market participants, AMCs, and investors on exact settlement timelines for planning cash flows and unit allocations. The clear distinction between liquid and non-liquid scheme settlement cycles helps participants manage their operations efficiently.

Impact Justification

Routine administrative circular providing monthly settlement calendar for mutual fund operations on BSE platform with no regulatory changes or market impact