Description
BSE advises trading members to cease dealing in seven Kotak Mahindra Fixed Maturity Plan (FMP) schemes under Series 305 and 310 ahead of their maturity record dates in May 2026.
Summary
BSE Notice No. 20260424-37 informs trading members that Kotak Mahindra Mutual Fund has communicated the maturity record dates for seven Fixed Maturity Plan (FMP) schemes under Series 305 (1200-day plans) and Series 310. Trading members are directed not to deal in these scrips effective from the specified ex-dates.
Key Points
- Seven Kotak Mahindra FMP schemes across Series 305 and Series 310 are reaching maturity
- Trading members must suspend dealing in all seven scrips from their respective ex-dates
- All schemes share a common ex-date of 30 April 2026
- Series 305 plans (scrip codes 543749–543752) have a record date of 03 May 2026
- Series 310 plans (scrip codes 543871–543873) have a record date of 01 May 2026
- Settlement DR reference: 621/2026-2027
- Notice issued by Marian D’Souza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a standard corporate action notice under BSE’s listing operations framework requiring suspension of trading upon maturity of closed-ended mutual fund schemes.
Compliance Requirements
- Trading members must immediately cease all dealings in the seven listed Kotak Mahindra FMP scrips
- No trades should be executed on or after the ex-date of 30 April 2026 for any of these schemes
Important Dates
| Scrip Code | Scheme | ISIN | Ex Date | Record Date |
|---|---|---|---|---|
| 543749 | Kotak FMP Series 305 – 1200 days – Regular Plan – Growth | INF174KA1LR3 | 30 Apr 2026 | 03 May 2026 |
| 543750 | Kotak FMP Series 305 – 1200 days – Regular Plan – IDCW Payout | INF174KA1LS1 | 30 Apr 2026 | 03 May 2026 |
| 543751 | Kotak FMP Series 305 – 1200 days – Direct Plan – Growth | INF174KA1LT9 | 30 Apr 2026 | 03 May 2026 |
| 543752 | Kotak FMP Series 305 – 1200 days – Direct Plan – IDCW Payout | INF174KA1LU7 | 30 Apr 2026 | 03 May 2026 |
| 543871 | Kotak FMP Series 310 – Regular Plan – Growth | INF174KA1NM0 | 30 Apr 2026 | 01 May 2026 |
| 543872 | Kotak FMP Series 310 – Regular Plan – IDCW Payout | INF174KA1NN8 | 30 Apr 2026 | 01 May 2026 |
| 543873 | Kotak FMP Series 310 – Direct Plan – Growth | INF174KA1NO6 | 30 Apr 2026 | 01 May 2026 |
Impact Assessment
Impact is limited and routine. Fixed Maturity Plans are closed-ended debt schemes with a defined tenure; their suspension on maturity is a scheduled lifecycle event. Investors in these schemes will receive redemption proceeds upon maturity. No broader market disruption is expected. Only holders of these specific scrips on the exchange are affected.
Impact Justification
Routine mutual fund maturity suspension notice affecting seven Kotak FMP closed-ended schemes; no broader market impact as this is a standard lifecycle event for fixed maturity plans.