Description
BSE notifies non-business days in March 2026 for select schemes of Invesco, DSP, Kotak, and Nippon India mutual funds on the BSE StAR MF platform, affecting subscription and redemption transactions.
Summary
BSE has notified non-business days for March 2026 for select schemes of Invesco India, DSP, Kotak, and Nippon India mutual funds on the BSE StAR MF platform. On the specified dates, transactions (subscriptions/redemptions) in the listed schemes will not be processed.
Key Points
- Invesco India: Four overseas Fund of Funds (including Pan European, Global Equity Income, Global Consumer Trends, and EQQQ Nasdaq-100 ETF FoF) are closed on March 19, 2026.
- DSP: DSP Value Fund is closed on March 17, 2026. All DSP Debt Schemes (including DSP Liquidity Fund, Overnight Fund, and multiple Overseas Equity Omni FoFs) are closed on March 19, 2026. Notably, DSP Gold ETF FoF, Multi Asset Allocation Fund, Silver ETF FoF, and Equity Savings Fund remain open on March 19.
- Kotak: Multiple overseas FOFs (Global Emerging Market, US Specific Equity, Global Innovation, International REIT) are closed on March 3, March 6, March 26, and March 31, 2026.
- Nippon India: Nippon India Japan Equity Fund is closed on March 20, 2026.
Regulatory Changes
No regulatory changes. This is a routine operational notification listing designated non-business days for specific mutual fund schemes.
Compliance Requirements
- Distributors and investors must refrain from placing transactions in the affected schemes on the specified non-business days via the BSE StAR MF platform.
- AMCs and platform operators must ensure the schemes are unavailable for transactions on the listed dates.
Important Dates
| Date | Fund House | Affected Schemes |
|---|---|---|
| March 3, 2026 | Kotak | Global Emerging Market FoF, US Specific Equity FoF, Global Innovation FoF, International REIT FoF |
| March 6, 2026 | Kotak | International REIT Overseas Equity Omni FOF |
| March 17, 2026 | DSP | DSP Value Fund |
| March 19, 2026 | Invesco | Pan European Equity FoF, Global Equity Income FoF, Global Consumer Trends FoF, EQQQ Nasdaq-100 ETF FoF |
| March 19, 2026 | DSP | All DSP Debt Schemes, DSP Liquidity Fund, Overnight Fund, multiple Overseas Equity Omni FoFs |
| March 20, 2026 | Nippon India | Nippon India Japan Equity Fund |
| March 26, 2026 | Kotak | Global Emerging Market FoF, US Specific Equity FoF, Global Innovation FoF, International REIT FoF |
| March 31, 2026 | Kotak | Global Emerging Market FoF, US Specific Equity FoF, Global Innovation FoF, International REIT FoF |
Impact Assessment
Impact is limited and routine. The non-business days primarily affect overseas Fund of Funds and debt schemes, typically aligned with market holidays in the underlying international markets (e.g., European, US, Japanese markets). Investors in these schemes should plan transactions around the listed closure dates. DSP’s exception carve-out for Gold ETF FoF, Silver ETF FoF, Multi Asset Allocation Fund, and Equity Savings Fund on March 19 is noteworthy for investors in those schemes.
Impact Justification
Routine administrative notification of non-business days for specific mutual fund schemes; affects only investors transacting in listed overseas/debt FOF schemes on those specific dates.