Description

BSE announces the trading and settlement schedule for the Mutual Fund segment covering the period 01 April 2026 to 30 April 2026, including schedules for MF subscription (non-liquid and liquid) and redemption.

Summary

BSE, through the 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 provides settlement numbers, settlement dates, funds pay-in, units/payout dates for MF subscriptions (non-liquid and liquid) and securities pay-in dates for MF redemptions.

Key Points

  • Settlement numbers range from 2627001 to 2627020 covering the full month of April 2026.
  • For non-liquid MF subscriptions, funds pay-in and units payout occur on the same settlement date; payout to AMCs occurs before 3:00 PM on T day.
  • For NFO (MF) schemes, funds payout to AMCs occurs on T day based on funds confirmation received by ICCL by 6:00 PM on T day.
  • For liquid MF subscriptions, funds pay-in and units payout are same-day (T+0 settlement).
  • For MF redemptions, securities pay-in occurs on the transaction date; redemption funds payout depends on the scheme’s TAT (T+1 through T+10).
  • Settlement 2627001 (01-04-2026) applies only to non-liquid subscriptions and redemptions; liquid subscriptions start from 2627002 (02-04-2026).
  • No trading on 14-04-2026 (market holiday), hence no settlement entry for that date.

Regulatory Changes

No new regulatory changes. This is a routine operational calendar issued periodically by ICCL for Mutual Fund segment participants.

Compliance Requirements

  • AMCs, clearing members, and distributors must align their subscription and redemption processing timelines with the published settlement schedule.
  • Investors and participants should refer to the scheme master on the BSE Star MF Platform to verify the applicable TAT for redemption funds payout for each scheme.
  • Funds confirmation for NFO transactions must be received by ICCL by 6:00 PM on T day to qualify for same-day payout.

Important Dates

  • Programme period: 01-04-2026 to 30-04-2026
  • First settlement (non-liquid subscription & redemption): 01-04-2026 (Settlement No. 2627001)
  • First liquid subscription settlement: 02-04-2026 (Settlement No. 2627002)
  • Last settlement of the period: 30-04-2026 (Settlement No. 2627020); payout for non-liquid subscription on 04-05-2026
  • No settlement on 14-04-2026 (holiday)

Impact Assessment

This circular is operationally significant for all mutual fund participants on the BSE Star MF platform, including AMCs, registrars, clearing members, and distributors. It enables participants to plan cash flows, unit allotments, and redemption payouts for April 2026. The same-day settlement for liquid funds (T+0) and next-day payout for non-liquid funds are consistent with established norms. No market-wide structural impact; routine administrative notice.

Impact Justification

Routine periodic settlement calendar for mutual fund participants on BSE; operationally important for AMCs, clearing members and investors but no regulatory changes involved.