Description

BSE advises market participants to ensure technical systems and operational preparedness for anticipated high mutual fund transaction volumes on February 2, 2026.

Summary

BSE has issued an advisory notice for February 2, 2026, anticipating exceptionally high mutual fund transaction volumes due to the convergence of SIP day and Union Budget day. All Members, Payment Aggregators, and Banks are required to ensure their technical systems and operational processes are fully prepared to handle the increased load and maintain seamless transaction processing on the BSE StAR MF platform.

Key Points

  • High mutual fund transaction volumes expected on Monday, February 2, 2026
  • Convergence of SIP (Systematic Investment Plan) day and Union Budget presentation day
  • All market participants must ensure technical and operational readiness
  • Funds Confirmation MIS must be uploaded within stipulated timelines
  • UTR numbers in MIS must accurately match bank statements
  • Amounts in Funds Confirmation MIS must match actual credits in ICCL bank account
  • Valid credit MIS must be uploaded timely
  • Requisite funds must be transferred to ICCL Account within cutoff times
  • Transactions entered before cut-off time must be processed without disruption

Regulatory Changes

No new regulatory changes introduced. This is an operational advisory referencing existing procedures outlined in earlier ICCL notices (No 20230620-66 and 20240702-34) regarding cut-offs, procedures, and guidelines for mutual fund settlement.

Compliance Requirements

For Members, Payment Aggregators, and Banks:

  • Ensure technical systems are robust and scalable for high volume
  • Verify operational preparedness and staff readiness
  • Upload valid credit MIS files within deadlines
  • Ensure UTR (Unique Transaction Reference) numbers are accurate and match bank statements
  • Confirm amounts in Funds Confirmation MIS match actual ICCL bank account credits
  • Transfer funds to ICCL Account well within prescribed cutoff times
  • Follow existing ICCL guidelines per notices 20230620-66 and 20240702-34
  • Maintain seamless operational activities throughout the trading day

Important Dates

  • February 2, 2026 (Monday): Expected high volume day for mutual fund transactions on BSE StAR MF platform due to SIP day and Union Budget presentation

Impact Assessment

Operational Impact: Medium - All mutual fund market participants need to scale infrastructure and verify operational readiness to handle significantly higher than normal transaction volumes.

Market Impact: The anticipated volume surge is driven by regular SIP transactions combined with potential investor activity related to Union Budget announcements, requiring coordinated preparation across the mutual fund ecosystem.

Technical Impact: Systems must be stress-tested and scaled appropriately to prevent any processing delays or failures during the high-volume period.

Settlement Impact: Timely and accurate submission of funds confirmation data is critical to ensure all mutual fund orders placed before cutoff time are successfully settled without disruption.

Impact Justification

Advisory notice for operational preparedness ahead of expected high transaction volumes. Important for mutual fund participants but does not introduce new regulations or affect stock trading.