Description
DSP Mutual Fund has revised the settlement type of DSP Multi Asset Omni Fund of Funds from T+2 to T+3 with immediate effect on the BSE StAR MF platform.
Summary
BSE has informed members that DSP Mutual Fund has issued a revised communication regarding a change in the settlement type of the DSP Multi Asset Omni Fund of Funds on the BSE StAR MF platform. The change takes effect immediately.
Key Points
- The scheme DSP Multi Asset Omni Fund of Funds has had its settlement type changed from T+2 to T+3.
- The change is effective immediately upon issuance of this notice (04 March 2026).
- The notice was issued under Notice No. 20260304-36 in the Mutual Fund segment.
Regulatory Changes
No new regulatory framework is introduced. This is an operational revision communicated by DSP Mutual Fund to BSE, resulting in an updated settlement cycle for the affected scheme on the BSE StAR MF platform.
Compliance Requirements
- Members transacting in DSP Multi Asset Omni Fund of Funds on the BSE StAR MF platform must note the revised T+3 settlement cycle.
- No specific action is required from members beyond updating internal settlement expectations for this scheme.
Important Dates
- Effective Date: 04 March 2026 (immediate effect)
Impact Assessment
The impact is limited to participants transacting in the DSP Multi Asset Omni Fund of Funds on the BSE StAR MF platform. The extension of the settlement cycle from T+2 to T+3 means investors and distributors will receive settlement one additional business day later than before. This is a low-impact operational change with no broader market implications.
Impact Justification
Routine operational update affecting a single mutual fund scheme's settlement cycle; no compliance burden on members beyond awareness.