Description

BSE has announced that SIP/XSIP instalments with due dates on 28th, 29th, and 30th of February 2026 will be triggered on February 27, 2026, due to February 28 being a 4th Saturday and the month not having 29th or 30th dates.

Summary

BSE has issued a notice (No. 20260225-26) informing members that SIP/XSIP instalments registered on the BSE StAR MF platform under Monthly and Quarterly frequency with due dates of 28th, 29th, and 30th of February 2026 will be triggered early on Friday, February 27, 2026. This adjustment is necessitated by February 28, 2026 being a 4th Saturday (non-business day), and the month of February 2026 not containing 29th or 30th as valid calendar dates.

Key Points

  • SIP/XSIP instalments due on 28th, 29th, and 30th of February 2026 will be triggered on February 27, 2026
  • Applies to Monthly and Quarterly frequency registrations on BSE StAR MF platform
  • February 28, 2026 is a 4th Saturday, making it a non-business day
  • February 2026 does not have 29th or 30th dates
  • Members must inform their clients to maintain sufficient bank account balances before February 27
  • Members using proprietary payment aggregators must ensure fund collection is completed within the validity of such orders
  • Helpdesk available at 022-45720450/650 & 022-69158550 on business days, 8:00am–7:00pm
  • Queries can also be raised on the CRS portal: https://bsecrs.bseindia.com

Regulatory Changes

No new regulatory changes introduced. This is an operational adjustment to the standard SIP/XSIP instalment trigger schedule to accommodate the calendar constraints of February 2026.

Compliance Requirements

  • Members: Must notify their clients to maintain sufficient bank balances ahead of February 27, 2026
  • Members using own payment aggregators: Must ensure fund collection from investor bank accounts to ICCL bank accounts is completed within the validity period of collection orders
  • Investors: Must ensure adequate balance in bank accounts linked to SIP/XSIP mandates before February 27, 2026

Important Dates

  • February 27, 2026 (Friday): Revised instalment trigger date for SIP/XSIP dues originally scheduled for 28th, 29th, and 30th of February 2026
  • February 28, 2026 (Saturday): 4th Saturday — non-business day, original due date for some instalments

Impact Assessment

This notice has a moderate operational impact on mutual fund distributors and investors using the BSE StAR MF platform. Investors with SIP/XSIP mandates scheduled for the 28th, 29th, or 30th of the month will have their February 2026 instalment debited one day earlier than usual. Failure to maintain adequate bank balances could result in instalment failures, potentially affecting investment continuity. Members and payment aggregators must coordinate timely fund collection to avoid processing issues.

Impact Justification

Operational notice affecting all BSE StAR MF platform users with monthly/quarterly SIP/XSIP registrations due on 28th, 29th, or 30th; requires action by members and investors to ensure adequate bank balances by February 27.