Description
NSE announces non-business day for ICICI Prudential and Nippon mutual fund schemes on August 11, 2025, affecting all transactions on the platform.
Summary
NSE has declared August 11, 2025 as a non-business day for certain ICICI Prudential and Nippon mutual fund schemes on the NSE MF Invest Platform. All transactions including subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be allowed for the specified schemes on this date.
Key Points
- Non-business day effective on August 11, 2025
- Affects specific schemes from ICICI Prudential and Nippon AMCs
- All transaction types suspended: Subscriptions, Redemptions, Switches, SIPs, STPs, SWPs
- Applies only to schemes listed in Annexure-I
- Communication received from respective Mutual Funds
Regulatory Changes
No regulatory changes - this is an operational announcement regarding platform availability.
Compliance Requirements
- Members must note the non-business day for affected schemes
- No transactions will be processed for listed schemes on August 11, 2025
- Platform will not accept any transaction requests for specified schemes
Important Dates
- August 11, 2025: Non-business day for specified mutual fund schemes
- August 8, 2025: Circular issuance date
Impact Assessment
Medium impact on investors holding or planning to transact in the specified ICICI Prudential Global Advantage Fund and Nippon India Japan Equity Fund schemes. Investors should plan their transactions accordingly to avoid any inconvenience on the non-business day. The impact is limited to specific schemes and does not affect the broader mutual fund platform operations.
Impact Justification
Affects specific mutual fund schemes on NSE platform for one day, impacting investor transactions