Description

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

Summary

BSE has released the trading and settlement programme for the Mutual Fund segment covering the period February 1-28, 2026. The circular details settlement numbers, dates, and payout schedules for mutual fund subscriptions (both liquid and non-liquid schemes) and redemptions. Settlement numbers range from 2526207 to 2526226.

Key Points

  • Non-liquid mutual fund subscriptions have T+1 payout cycle (units paid out next business day)
  • Liquid mutual fund subscriptions have same-day (T+0) payout
  • Funds payout to AMCs for non-liquid transactions occurs before 3:00 PM on T day
  • NFO (New Fund Offer) scheme payouts happen on T day based on funds confirmation received by ICCL by 6:00 PM
  • Redemption settlements vary by scheme TAT (T+1 to T+10)
  • Total of 20 settlement dates scheduled for February 2026
  • Settlement number 2526220 (February 19, 2026) appears only in redemption schedule

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to specified settlement dates and timelines
  • Funds must be paid in according to the schedule for subscriptions
  • Securities must be paid in by specified dates for redemptions
  • Investors should verify scheme-specific TAT from scheme master on BSE Star MF Platform for redemption payouts

Important Dates

  • Programme Period: February 1-28, 2026
  • First Settlement: February 2, 2026 (Settlement No. 2526207)
  • Last Settlement: February 27, 2026 (Settlement No. 2526226)
  • No trading days: February 7, 8, 14, 15, 21, 22, 28, 2026
  • Funds Payout Deadline: Before 3:00 PM on T day (non-liquid)
  • NFO Funds Confirmation: By 6:00 PM on T day

Impact Assessment

Operational Impact: Medium - Provides essential schedule for mutual fund trading operations on BSE Star MF platform. All participants including brokers, AMCs, and investors need to align their operations with these dates.

Market Impact: Low - This is a routine monthly schedule with no changes to existing settlement processes or timelines.

Participant Action Required: Market participants should update their systems and calendars with the February 2026 settlement schedule to ensure timely processing of subscription and redemption orders.

Impact Justification

Operational circular providing standard monthly settlement schedule for mutual fund trading; affects all MF participants but is routine in nature