Description
BSE notifies trading members that 7 schemes of Nippon India Fixed Horizon Fund (XLIV and XLV Series 4) will mature and trading must cease from April 10, 2026.
Summary
BSE has issued a notice (No. 20260409-13) directing trading members to suspend trading in 7 schemes of Nippon India Mutual Fund’s Fixed Horizon Fund series (XLIV and XLV, Series 4) effective April 10, 2026. The suspension is due to the schemes reaching their maturity/redemption date.
Key Points
- 7 Nippon India Fixed Horizon Fund schemes (XLIV Series 4 and XLV Series 4) are maturing and will be suspended from trading on April 10, 2026.
- Both Regular and Direct plan variants, as well as Growth and IDCW Payout options, are affected.
- Trading members are advised not to deal in these schemes from April 10, 2026 (reference: DR-608/2026-2027).
- No attachment was provided with the notice.
Affected Schemes
| Sr. No. | Scrip Code | ISIN | Scheme Name |
|---|---|---|---|
| 1 | 543690 | INF204KC1915 | Nippon India Fixed Horizon Fund XLIV Series 4 – Regular Plan – Growth |
| 2 | 543691 | INF204KC1923 | Nippon India Fixed Horizon Fund XLIV Series 4 – Regular Plan – IDCW Payout |
| 3 | 543692 | INF204KC1931 | Nippon India Fixed Horizon Fund XLIV Series 4 – Direct Plan – Growth |
| 4 | 543887 | INF204KC1BD6 | Nippon India Fixed Horizon Fund XLV Series 4 – Regular Plan – Growth Option |
| 5 | 543888 | INF204KC1BE4 | Nippon India Fixed Horizon Fund XLV Series 4 – Regular Plan – IDCW Payout Option |
| 6 | 543889 | INF204KC1BF1 | Nippon India Fixed Horizon Fund XLV Series 4 – Direct Plan – Growth Option |
| 7 | 543890 | INF204KC1BG9 | Nippon India Fixed Horizon Fund XLV Series 4 – Direct Plan – IDCW Payout Option |
Regulatory Changes
No new regulatory changes introduced. This notice is a standard operational procedure for closed-ended mutual fund schemes reaching their scheduled maturity date, as per existing BSE listing and trading regulations for mutual funds.
Compliance Requirements
- Trading members must immediately cease all dealings in the 7 listed Nippon India Fixed Horizon Fund schemes effective April 10, 2026.
- Members should update their systems to prevent any buy or sell orders in the aforesaid scrip codes (543690, 543691, 543692, 543887, 543888, 543889, 543890) from April 10, 2026 onwards.
Important Dates
- April 09, 2026: Notice issued by BSE.
- April 10, 2026: Trading suspension effective date for all 7 listed schemes (maturity/redemption date).
Impact Assessment
The impact is limited and operational in nature. These are closed-ended fixed horizon mutual fund schemes that have run their course and are now maturing. Investors holding units in these schemes will receive redemption proceeds as per the fund’s terms; no secondary market trading will be permitted after April 9, 2026. Trading members need to ensure compliance to avoid any inadvertent transactions in these schemes. There is no broader market disruption expected.
Impact Justification
Routine maturity-driven trading suspension affecting 7 closed-ended mutual fund schemes; impacts only holders of these specific Nippon India Fixed Horizon Fund plans and trading members dealing in them.