Description

BSE notifies members of Non-Business Days in May 2026 for certain Mutual Fund schemes on the BSE StAR MF Platform, during which Subscription, Redemption, Switch, SIP, STP, and SWP transactions will not be permitted.

Summary

BSE has notified members that certain Mutual Fund schemes will observe Non-Business Days (NBD) during May 2026 on the BSE StAR MF Platform. Mutual Funds have communicated to BSE that markets will be closed for specific schemes on these dates, and all transaction types including Subscription, Redemption, Switch, SIP, Normal STP, SWP, and AMC-STP will be suspended for the affected schemes.

Key Points

  • Certain Mutual Fund schemes will have designated Non-Business Days in May 2026 on the BSE StAR MF Platform
  • Communication received from respective Mutual Funds regarding market closure for specific schemes
  • All transaction types are suspended on NBD dates: Subscription, Redemption, Switch, SIP, Normal STP, SWP, and AMC-STP
  • Specific NBD dates and affected schemes are listed in the attached annexure (NON_BUSINESS_DAY_MAY_2026)
  • Notice issued by Trading Operations department under the Mutual Fund segment

Regulatory Changes

No new regulatory changes. This is a routine operational notice in line with existing Non-Business Day framework for Mutual Fund schemes on the BSE StAR MF Platform.

Compliance Requirements

  • Members must ensure no Subscription, Redemption, Switch, SIP, Normal STP, SWP, or AMC-STP orders are processed for the affected schemes on the specified Non-Business Day dates
  • Members should refer to the attached annexure (NON_BUSINESS_DAY_MAY_2026) for the complete list of affected schemes and their respective NBD dates
  • Members are advised to inform their clients accordingly to avoid failed or rejected transactions

Important Dates

  • Notice Date: 30 April 2026
  • Applicable Period: May 2026
  • Specific NBD dates: As per attached annexure NON_BUSINESS_DAY_MAY_2026

Impact Assessment

This notice has a moderate operational impact on investors and distributors transacting in affected Mutual Fund schemes through the BSE StAR MF Platform during May 2026. Investors planning SIP, STP, SWP, or lump-sum transactions in the affected schemes must account for the Non-Business Days to avoid transaction failures. Distributors and members should proactively notify clients and adjust transaction scheduling. The impact is limited to specific schemes and specific dates as listed in the annexure, making it a contained, scheme-level disruption rather than a broad market event.

Impact Justification

Routine operational notice affecting mutual fund transactions on BSE StAR MF platform for specific schemes during Non-Business Days in May 2026; impacts investors and members dealing in affected schemes but is a scheduled, anticipated event.