Description

BSE notifies non-business days in March 2026 for select mutual fund schemes of Invesco, DSP, Kotak, and Nippon India on the BSE StAR MF Platform, affecting subscription and redemption transactions.

Summary

BSE has announced non-business days in March 2026 for select mutual fund schemes of Invesco, DSP, Kotak, and Nippon India on the BSE StAR MF Platform. On these dates, the affected schemes will not be available for transactions such as subscriptions and redemptions.

Key Points

  • Multiple AMCs have notified non-business days for specific schemes during March 2026
  • Invesco schemes are closed on March 19, 2026 (four overseas/FoF schemes)
  • DSP Value Fund is closed on March 17, 2026
  • DSP Debt Schemes and several overseas FoFs are closed on March 19, 2026 (with exceptions: DSP Gold ETF FoF, Multi Asset Allocation Fund, Silver ETF FoF, and Equity Savings Fund remain open)
  • Kotak overseas FoFs have multiple non-business days: March 3, March 6, March 26, and March 31, 2026
  • Nippon India Japan Equity Fund is closed on March 20, 2026

Regulatory Changes

No regulatory changes. This is a standard operational notification informing distributors and investors of non-transaction days for specific mutual fund schemes due to overseas market holidays or other fund-specific reasons.

Compliance Requirements

  • Distributors and investors must ensure no transactions are placed for the listed schemes on their respective non-business days via the BSE StAR MF Platform
  • AMCs and platform participants should update their systems to reflect these non-business dates

Important Dates

  • March 3, 2026: Kotak Global Emerging Market, Kotak US Specific Equity Passive, Kotak Global Innovation, Kotak International REIT FOFs
  • March 6, 2026: Kotak International REIT Overseas Equity Omni FOF
  • March 17, 2026: DSP Value Fund
  • March 19, 2026: All Invesco overseas FoFs; All DSP Debt Schemes; DSP World Mining, Global Clean Energy, Global Innovation, US Specific Equity, World Gold Mining, Income Plus Arbitrage, US Specific Debt Passive FoFs
  • March 20, 2026: Nippon India Japan Equity Fund
  • March 26, 2026: Kotak Global Emerging Market, Kotak US Specific Equity Passive, Kotak Global Innovation, Kotak International REIT FOFs
  • March 31, 2026: Kotak Global Emerging Market, Kotak US Specific Equity Passive, Kotak Global Innovation, Kotak International REIT FOFs

Impact Assessment

Impact is moderate for investors in the specifically named schemes who may need to plan transactions around these non-business days. Investors in DSP Debt schemes (including liquid and overnight funds) should note the March 19 closure. The Kotak overseas FoFs have the most disrupted schedule with four non-business days in March. No broad market impact is expected; this is a routine operational notice.

Impact Justification

Routine operational notice affecting specific mutual fund scheme transactions on certain dates; relevant to investors in the listed schemes but no broader market regulatory change.