Description
DSP Mutual Fund has revised the settlement type of DSP Multi Asset Omni Fund of Funds from T+2 to T+3 on the BSE StAR MF platform, effective immediately.
Summary
BSE has informed members that DSP Mutual Fund has revised the settlement type for DSP Multi Asset Omni Fund of Funds on the BSE StAR MF platform. The settlement cycle has been changed from T+2 to T+3, effective immediately.
Key Points
- Notice No: 20260304-36, dated 04 March 2026
- DSP Mutual Fund communicated a revised settlement type for one of its schemes
- DSP Multi Asset Omni Fund of Funds settlement type changes from T+2 to T+3
- The change is effective immediately on the BSE StAR MF platform
Regulatory Changes
No regulatory rule change is involved. This is an operational adjustment by DSP Mutual Fund, communicated through BSE to its members as a revised settlement cycle for the affected scheme.
Compliance Requirements
- Members and distributors transacting in DSP Multi Asset Omni Fund of Funds on BSE StAR MF must note the updated T+3 settlement cycle
- Systems and back-office processes should be updated to reflect the new settlement timeline
Important Dates
- Effective Date: Immediate (04 March 2026)
Impact Assessment
The impact is limited to investors and intermediaries transacting in DSP Multi Asset Omni Fund of Funds via the BSE StAR MF platform. The change extends the settlement period by one additional day (from T+2 to T+3), slightly increasing the time for fund units to be credited or redemption proceeds to be settled. No broader market impact is expected.
Impact Justification
Operational change affecting settlement cycle of a single mutual fund scheme; no regulatory breach or broad market impact.