Description
BSE notifies trading members of suspension of four Kotak FMP Series 308 mutual fund plans (scrip codes 543876-543879) effective 27 April 2026, coinciding with their maturity record dates.
Summary
BSE has notified trading members that Kotak Mahindra Mutual Fund has communicated the maturity record dates for four plans under Kotak FMP Series 308. Trading in all four plans (scrip codes 543876–543879) is suspended with effect from 27 April 2026, the record and ex-date for maturity.
Key Points
- Trading members are advised not to deal in the four listed Kotak FMP Series 308 plans from 27 April 2026 onwards.
- All four plans share the same record date, ex-date (27/04/2026), and settlement DR (618/2026-2027).
- Two plan variants are covered: Regular Plan and Direct Plan, each with Growth Option and IDCW Payout Option sub-variants.
- No attachments were included with the notice.
Regulatory Changes
No new regulatory framework is introduced. The suspension is a standard operational action triggered by the scheduled maturity of fixed-maturity plan (FMP) units as per existing BSE and SEBI guidelines for mutual fund lifecycle events.
Compliance Requirements
- Trading Members: Must immediately cease dealing in the four suspended scrip codes (543876, 543877, 543878, 543879) on and from 27 April 2026.
- Members should update their systems to flag these ISINs as non-tradable ahead of the record date.
Important Dates
| Event | Date |
|---|---|
| Notice Date | 21 April 2026 |
| Ex-Date (Maturity) | 27 April 2026 |
| Record Date (Maturity) | 27 April 2026 |
| Settlement DR | 618/2026-2027 |
Impact Assessment
| Scrip Code | Plan Name | ISIN |
|---|---|---|
| 543876 | Kotak FMP Series 308 – Regular Plan – Growth Option | INF174KA1NE7 |
| 543877 | Kotak FMP Series 308 – Regular Plan – IDCW Payout Option | INF174KA1NF4 |
| 543878 | Kotak FMP Series 308 – Direct Plan – Growth Option | INF174KA1NG2 |
| 543879 | Kotak FMP Series 308 – Direct Plan – IDCW Payout Option | INF174KA1NH0 |
Impact is limited to investors holding or intending to trade these four FMP units on BSE. Upon maturity, investors will receive redemption proceeds as per fund terms. No broader market disruption is expected.
Impact Justification
Routine maturity-driven trading suspension affecting four specific Kotak FMP Series 308 plans; impacts only holders or prospective traders of these plans ahead of their scheduled 27 April 2026 maturity date.