Description

BSE anticipates high mutual fund transaction volumes on February 2, 2026 due to SIP day coinciding with Budget day. Members, Payment Aggregators, and Banks must ensure technical and operational readiness.

Summary

BSE has issued an advance notice regarding anticipated high volumes of mutual fund transactions on Monday, February 2, 2026, due to the convergence of SIP (Systematic Investment Plan) day and Union Budget presentation day. All Members, Payment Aggregators, and Banks are required to ensure their technical systems and operational processes are fully prepared to handle the increased transaction load without disruption.

Key Points

  • High volume of mutual fund transactions expected on February 2, 2026
  • Confluence of SIP day and Budget day creating unusual volume surge
  • All participants must ensure technical and operational readiness
  • Seamless operational activities required including valid credit MIS uploads
  • Timely fund transfers to ICCL Account within cutoff times mandatory
  • Transactions entered on BSE StAR MF platform before cutoff must process successfully
  • Funds Confirmation MIS must be uploaded within stipulated timelines
  • UTR numbers in MIS must be accurate and match bank statements
  • Amounts in MIS must match actual credits in ICCL bank account

Regulatory Changes

No new regulatory changes introduced. This notice reinforces existing procedures and guidelines for mutual fund settlement processes on the BSE StAR MF platform.

Compliance Requirements

For Members, Payment Aggregators, and Banks:

  1. Technical Systems: Ensure systems are robust and fully equipped to handle increased transaction volumes

  2. Operational Preparedness:

    • Upload valid credit MIS within timelines
    • Transfer requisite funds to ICCL Account well within cutoff
    • Ensure seamless processing of all operational activities

  3. Funds Confirmation MIS Requirements:

    • Upload within stipulated timelines
    • Provide accurate UTR numbers matching bank statements
    • Ensure amounts match actual credits in ICCL bank account

  4. Reference Compliance: Follow procedures and guidelines from earlier notices No. 20230620-66 and 20240702-34 issued by ICCL regarding cutoffs, procedures, and guidelines for timely settlement

Important Dates

  • February 2, 2026 (Monday): Expected high volume day for mutual fund transactions on BSE StAR MF platform
  • Notice Date: January 28, 2026

Impact Assessment

Market Impact:

  • High Volume Risk: The convergence of SIP day and Budget day presents unusual volume pressure that could strain systems
  • Settlement Risk: Failure to prepare adequately could result in transaction processing delays or failures
  • Investor Impact: Any disruption could affect timely processing of mutual fund orders, particularly SIP transactions

Operational Impact:

  • Members, Payment Aggregators, and Banks must allocate additional resources for February 2, 2026
  • Enhanced monitoring of technical systems required
  • Increased coordination needed between participants to ensure smooth fund flow and MIS uploads
  • Potential for system bottlenecks if participants are not adequately prepared

Severity Justification:

This notice carries high severity due to the predictable surge in transaction volumes on a specific date, requiring proactive preparation from all market participants to prevent settlement failures that could impact investor confidence and market operations.

Impact Justification

High volume anticipated on critical day requiring immediate operational readiness from all market participants to prevent settlement disruptions