Description

BSE ICCL publishes the trading and settlement schedule for the Mutual Fund segment covering subscription (liquid and non-liquid) and redemption transactions for the period 01.06.2026 to 30.06.2026.

Summary

BSE’s India Clearing Corporation Limited (ICCL) has published the trading and settlement programme for the Mutual Fund (MF) segment covering the period 01 June 2026 to 30 June 2026 (Notice No. 20260507-14). The schedule details settlement numbers, settlement dates, funds pay-in, and units payout dates for MF Subscription (non-liquid), MF Subscription (Liquid), and MF Redemption transactions.

Key Points

  • Settlement numbers run from 2627040 (01-06-2026) to 2627060 (30-06-2026), covering 21 settlement cycles for June 2026.
  • Non-liquid MF subscriptions follow a T+1 units payout cycle; funds pay-out to AMCs occurs before 3:00 PM on the transaction day (T day).
  • Liquid MF subscriptions follow a T+0 units payout cycle — same-day settlement for both funds pay-in and units payout.
  • NFO (MF) scheme transactions: funds pay-out to AMCs occurs on T day based on funds confirmation received by ICCL by 6:00 PM on T day.
  • MF Redemption transactions follow a T+0 securities pay-in cycle per the schedule.

Regulatory Changes

No regulatory changes. This is a routine monthly operational calendar issued by ICCL for the Mutual Fund segment.

Compliance Requirements

  • Market participants and AMCs processing MF subscription/redemption transactions must adhere to the published settlement dates and pay-in/payout timelines.
  • AMCs should ensure funds confirmation for NFO schemes is submitted to ICCL by 6:00 PM on the transaction day to qualify for same-day payout.

Important Dates

  • Programme period: 01 June 2026 to 30 June 2026
  • First settlement: 2627040 on 01-06-2026
  • Last settlement: 2627060 on 30-06-2026
  • Non-liquid funds payout to AMCs: before 3:00 PM on T day
  • NFO funds confirmation deadline: 6:00 PM on T day

Impact Assessment

This is a standard administrative circular with no market-moving impact. It provides operational clarity for brokers, AMCs, and clearing members participating in the BSE Mutual Fund segment, ensuring all parties align on settlement timelines for June 2026. The T+1 cycle for non-liquid and T+0 for liquid funds are consistent with established BSE/ICCL norms.

Impact Justification

Routine periodic operational circular publishing the monthly settlement calendar for the Mutual Fund segment. No regulatory changes or compliance obligations; informational for market participants processing MF transactions.