Description

BSE announces the trading and settlement schedule for the Mutual Fund segment covering the period 01 April 2026 to 30 April 2026, including settlement numbers, fund pay-in/payout dates for subscription (liquid and non-liquid) and redemption transactions.

Summary

BSE has issued the trading and settlement programme for the Mutual Fund segment for the period 01 April 2026 to 30 April 2026. The circular covers settlement schedules for MF Subscription (Non-Liquid), MF Subscription (Liquid), and MF Redemption transactions, listing settlement numbers (2627001–2627020) alongside corresponding transaction dates, funds pay-in dates, and payout dates.

Key Points

  • Settlement numbers run from 2627001 to 2627020, covering all trading days in April 2026.
  • For Non-Liquid MF Subscriptions, funds payout to AMCs occurs on T+1 business day (e.g., subscription on 01-Apr pays out on 02-Apr).
  • For Liquid MF Subscriptions, funds payout to AMCs occurs on the same day (T+0) for all settlement dates.
  • For MF Redemptions, securities pay-in also occurs on the transaction date (T+0) for each settlement.
  • Funds payout to AMCs for non-liquid transactions will happen before 3:00 PM on T day.
  • Funds payout to AMCs for NFO (MF) scheme transactions will occur on T day based on funds confirmation received by ICCL by 6:00 PM on T day.
  • Redemption funds payout depends on the scheme’s TAT (T+1 through T+10), which investors can check in the scheme master on BSE Star MF Platform.
  • April 14 (Dr. Ambedkar Jayanti) appears to be a holiday, with no settlement on that date.

Regulatory Changes

No new regulatory changes introduced. This is a routine monthly operational schedule notification.

Compliance Requirements

  • AMCs and clearing members must align their fund pay-in and payout operations to the published settlement schedule.
  • Investors placing redemption orders should verify the applicable TAT for their scheme via the BSE Star MF scheme master.
  • ICCL will process NFO fund confirmations up to 6:00 PM on T day for same-day payout.

Important Dates

  • Settlement period: 01 April 2026 to 30 April 2026
  • First settlement (2627001): Transaction date 01-Apr-2026, payout 02-Apr-2026 (Non-Liquid)
  • Last settlement (2627020): Transaction date 30-Apr-2026, payout 04-May-2026 (Non-Liquid)
  • Liquid subscriptions begin from settlement 2627002 (02-Apr-2026) with same-day payout
  • No settlement on 14-Apr-2026 (holiday)

Impact Assessment

This circular has a moderate operational impact on mutual fund distributors, AMCs, and investors using the BSE Star MF platform. It provides the necessary schedule for planning subscriptions and redemptions through April 2026. The T+0 same-day payout for liquid funds and T+1 for non-liquid funds maintain standard settlement norms. Participants should note the holiday on 14 April 2026 and adjust redemption planning accordingly given variable TAT across schemes.

Impact Justification

Routine operational circular publishing the monthly settlement calendar for mutual fund transactions; important for AMCs, brokers, and investors for planning but does not introduce regulatory changes.