Description

BSE announces the trading and settlement schedule for the Mutual Fund segment covering the period 01.04.2026 to 30.04.2026, including settlement numbers, dates, and fund payout timelines for subscription (liquid and non-liquid) and redemption transactions.

Summary

BSE, through Indian Clearing Corporation Ltd (ICCL), has published the trading and settlement programme for the Mutual Fund segment for April 2026 (01.04.2026 to 30.04.2026). The circular specifies settlement numbers, settlement dates, fund pay-in, units pay-out, and redemption schedules for non-liquid subscriptions, liquid subscriptions, and redemptions.

Key Points

  • Settlement numbers run from 2627001 to 2627020 covering 01-Apr-2026 to 30-Apr-2026.
  • For non-liquid MF subscriptions, units payout is T+1 business day; funds pay-out to AMCs occurs before 3:00 PM on T day.
  • For liquid MF subscriptions, settlement is same-day (T+0) for both funds pay-in and units payout; 19 settlement dates covered (no same-day settlement on 01-Apr-2026).
  • For MF redemptions, securities pay-in is on the transaction date; funds payout depends on the scheme’s TAT (T+1 through T+10).
  • Funds pay-out to AMCs for NFO (MF) schemes occurs on T day based on funds confirmation received by ICCL by 6:00 PM on T day.
  • 14-Apr-2026 is a holiday (no settlement); settlements resume on 15-Apr-2026.
  • Investors should refer to the scheme master on BSE Star MF Platform to check the applicable TAT for redemption payouts.

Regulatory Changes

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

Compliance Requirements

  • AMCs and brokers must align fund pay-in and redemption processing with the published settlement calendar.
  • For NFO transactions, funds confirmation must be received by ICCL by 6:00 PM on T day to qualify for same-day payout.
  • Investors and intermediaries should verify scheme-specific redemption TAT in the BSE Star MF scheme master.

Important Dates

  • Period covered: 01-Apr-2026 to 30-Apr-2026
  • First settlement (non-liquid subscription): 2627001 on 01-Apr-2026; units payout 02-Apr-2026
  • Last settlement: 2627020 on 30-Apr-2026; non-liquid units payout 04-May-2026
  • Holiday observed: 14-Apr-2026 (no settlement)
  • Non-liquid funds payout deadline: Before 3:00 PM on T day
  • NFO funds confirmation deadline: 6:00 PM on T day

Impact Assessment

This circular is of routine operational significance for mutual fund market participants on the BSE Star MF platform. AMCs, clearing members, and distributors must update their internal settlement calendars for April 2026. The liquid fund segment operates on a same-day (T+0) basis, while non-liquid subscriptions settle T+1. Redemption payouts vary by scheme TAT. No market-wide disruption is expected; compliance is straightforward for existing participants.

Impact Justification

Routine operational circular detailing settlement schedules for MF segment; relevant to AMCs, brokers, and investors using BSE Star MF platform but does not introduce regulatory changes.