Description
BSE/ICCL publishes the trading and settlement schedule for the Mutual Fund segment covering the period 01 May 2026 to 31 May 2026, including subscription (liquid and non-liquid) and redemption timelines.
Summary
BSE, through ICCL (Indian Clearing Corporation Limited), has published the trading and settlement programme for the Mutual Fund segment for the period 01 May 2026 to 31 May 2026. The circular covers settlement schedules for MF Subscription (Non-Liquid), MF Subscription (Liquid), and MF Redemption transactions across 19 settlement numbers (2627021–2627039).
Key Points
- Settlement numbers 2627021 through 2627039 cover trading dates from 04 May 2026 to 29 May 2026.
- For Non-Liquid MF Subscriptions, funds pay-in and payout follow a T+1 cycle (payout to AMCs by 3:00 PM on T day).
- For Liquid MF Subscriptions, both funds pay-in and payout occur on the same day (T+0 settlement).
- For MF Redemptions, securities pay-in also occurs on a same-day basis aligned with the transaction date.
- Funds payout to AMCs for NFO (MF) schemes occurs on T day, based on funds confirmation received by ICCL by 6:00 PM on T day.
- No trading is scheduled on 28 May 2026 (settlement skips from 27 May to 29 May).
Regulatory Changes
No regulatory changes are introduced. This is a routine periodic notice publishing the settlement calendar for the upcoming month.
Compliance Requirements
- AMCs, clearing members, and mutual fund distributors must align their funds pay-in and securities pay-in obligations with the published settlement dates.
- Participants must ensure funds confirmation for NFO transactions reaches ICCL by 6:00 PM on T day to qualify for same-day payout.
- Non-liquid subscription payout from ICCL to AMCs will be made before 3:00 PM on T day.
Important Dates
| Settlement No. | Settlement Date | Funds Pay-in | Payout (Non-Liquid) |
|---|---|---|---|
| 2627021 | 04-05-2026 | 04-05-2026 | 05-05-2026 |
| 2627022 | 05-05-2026 | 05-05-2026 | 06-05-2026 |
| 2627023 | 06-05-2026 | 06-05-2026 | 07-05-2026 |
| 2627024 | 07-05-2026 | 07-05-2026 | 08-05-2026 |
| 2627025 | 08-05-2026 | 08-05-2026 | 11-05-2026 |
| 2627026 | 11-05-2026 | 11-05-2026 | 12-05-2026 |
| 2627027 | 12-05-2026 | 12-05-2026 | 13-05-2026 |
| 2627028 | 13-05-2026 | 13-05-2026 | 14-05-2026 |
| 2627029 | 14-05-2026 | 14-05-2026 | 15-05-2026 |
| 2627030 | 15-05-2026 | 15-05-2026 | 18-05-2026 |
| 2627031 | 18-05-2026 | 18-05-2026 | 19-05-2026 |
| 2627032 | 19-05-2026 | 19-05-2026 | 20-05-2026 |
| 2627033 | 20-05-2026 | 20-05-2026 | 21-05-2026 |
| 2627034 | 21-05-2026 | 21-05-2026 | 22-05-2026 |
| 2627035 | 22-05-2026 | 22-05-2026 | 25-05-2026 |
| 2627036 | 25-05-2026 | 25-05-2026 | 26-05-2026 |
| 2627037 | 26-05-2026 | 26-05-2026 | 27-05-2026 |
| 2627038 | 27-05-2026 | 27-05-2026 | 29-05-2026 |
| 2627039 | 29-05-2026 | 29-05-2026 | 01-06-2026 |
- Liquid subscriptions settle on a T+0 basis (same-day pay-in and payout) throughout the period.
- Final settlement (2627039) payout falls on 01-06-2026.
Impact Assessment
This is a routine operational notice with no adverse market impact. Participants in the BSE Mutual Fund platform should update their internal settlement calendars for May 2026. The schedule confirms 19 trading days in the MF segment for May 2026, with no trading on 28 May 2026. The T+0 liquid settlement and T+1 non-liquid settlement structures remain unchanged from prior months.
Impact Justification
Routine operational circular publishing the monthly settlement calendar for the Mutual Fund segment; relevant to AMCs, distributors, and participants but does not signal any regulatory change or market event.