Description
Settlement calendar for Mutual Fund Service System (MFSS) subscription transactions for October 2025, covering both normal and liquid subscription settlements.
Summary
NSE has released the settlement calendar for Mutual Fund Service System (MFSS) subscription transactions for October 2025. The calendar covers settlement numbers 2025187 to 2025206, detailing dates for both normal subscription (T+1 settlement) and liquid subscription (T-day settlement) transactions.
Key Points
- Settlement calendar covers October 1-31, 2025
- Normal subscription follows T+1 settlement cycle for unit payout
- Liquid subscription follows T-day settlement for immediate unit payout
- Fund payin/payout occurs on subscription order date for both types
- Settlement numbers range from 2025187 to 2025206
Settlement Schedule Details
Normal Subscription (T+1):
- Fund payin/payout: Same day as subscription order
- Unit payin/payout: T+1 or T+3 depending on weekends/holidays
- Settlement type: ‘S’
Liquid Subscription (T-day):
- Fund payin/payout: Same day as subscription order
- Unit payin/payout: Same day as subscription order
- Settlement type: ‘K’
Important Dates
- October 1, 2025: First settlement (2025187)
- October 31, 2025: Last settlement (2025206)
- November 3, 2025: Final unit payout for October 31 normal subscription
Impact Assessment
This calendar provides operational clarity for mutual fund distributors, investors, and market participants. The standardized settlement cycles ensure predictable fund and unit transfer timelines, supporting efficient mutual fund transaction processing through the MFSS platform.
Impact Justification
Operational calendar for mutual fund settlements affects market participants but is routine administrative information