Description

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

Summary

BSE has issued an advisory notice regarding anticipated high volumes of Mutual Fund transactions on Monday, February 2, 2026. The increased activity is expected due to the coincidence of SIP (Systematic Investment Plan) day with 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 surge in transaction volumes on the BSE StAR MF platform.

Key Points

  • High volume of Mutual Fund transactions expected on February 2, 2026
  • Confluence of SIP day and Budget day driving anticipated volumes
  • All participants must ensure technical systems are robust and operational preparedness is adequate
  • Funds Confirmation MIS must be uploaded within stipulated timelines
  • UTR numbers in MIS must be accurate and match bank statements
  • Amounts in Funds Confirmation MIS must match actual credits in ICCL bank account
  • Valid credit MIS must be uploaded timely
  • Fund transfers to ICCL Account must be completed within cutoff times
  • Seamless processing of all MF transactions entered before cut-off time is mandatory

Regulatory Changes

No new regulatory changes introduced. This notice reinforces existing procedures and guidelines previously communicated in Notice No 20230620-66 and Notice No 20240702-34 issued by ICCL regarding cut-offs, procedures, and guidelines for settlement of Mutual Fund orders on BSE StAR MF Platform.

Compliance Requirements

For Members, Payment Aggregators, and Banks:

  • Ensure technical systems can handle high transaction volumes
  • Verify operational preparedness and staffing adequacy
  • Upload Funds Confirmation MIS within stipulated timelines
  • Ensure UTR numbers provided in MIS are accurate and correspond to bank statement UTRs
  • Verify amounts in Funds Confirmation MIS match actual credits received in ICCL bank account
  • Upload valid credit MIS on time
  • Transfer requisite funds to ICCL Account well within cutoff times
  • Ensure all operational activities are handled seamlessly to prevent disruption to MF transactions
  • Refer to earlier ICCL notices (20230620-66 & 20240702-34) for detailed procedures and guidelines

Important Dates

  • February 2, 2026 (Monday): Expected high volume day for Mutual Fund transactions on BSE StAR MF platform due to SIP day coinciding with Union Budget presentation

Impact Assessment

Operational Impact: Medium - Requires heightened operational readiness and system capacity planning by all market participants involved in mutual fund transactions. Failure to prepare adequately could result in transaction processing delays or failures.

Market Impact: Medium - Affects mutual fund settlement operations on BSE platform. Does not directly impact equity or debt securities trading.

Entities Affected:

  • BSE StAR MF platform Members
  • Payment Aggregators
  • Banks involved in MF settlement
  • Indian Clearing Corporation Limited (ICCL)
  • Mutual Fund investors (indirectly)

Risk Factors: System capacity constraints, MIS upload delays, fund transfer timing issues, UTR mismatches, and inadequate staffing could lead to settlement failures or delayed processing of mutual fund orders.

Impact Justification

Operational alert for high transaction volumes on specific date. Affects mutual fund platform participants' preparedness but does not introduce new regulatory changes or affect stock trading.