Description
Revised settlement schedule for mutual fund transactions due to Id-E-Milad clearing holiday on September 5, 2025.
Summary
NSE has announced revised settlement schedules for mutual fund transactions on the NSE Invest Platform due to the clearing holiday (Id-E-Milad) on September 5, 2025. The changes affect settlement dates for subscription and redemption orders placed around the holiday period.
Key Points
- Liquid and debt schemes subscription funds will be settled on September 8, 2025 (next business day)
- Other schemes subscription funds received within cut-off time will be settled on September 5, 2025
- Subscription units pay-in/pay-out for orders placed on September 4-5 will be on September 8, 2025
- Redemption units pay-in/pay-out for September 5 orders will be on the same day
- No redemption funds pay-out on September 5, 2025
- No liquid subscription orders or settlements on September 5, 2025
Regulatory Changes
No permanent regulatory changes - temporary operational adjustments for the holiday period only.
Compliance Requirements
- Participants must note the revised settlement schedule
- Check scheme category in scheme master for redemption settlement timelines
- Follow applicable NAV rules for delayed settlements
- Adhere to specified cut-off times for fund settlements
Important Dates
- September 3, 2025: Circular issued
- September 4, 2025: S 2025168 settlement, K 2025168 liquid settlement
- September 5, 2025: Id-E-Milad clearing holiday, U 2025169 redemption settlement
- September 8, 2025: Delayed settlements for liquid/debt schemes and subscription units
Impact Assessment
Medium operational impact on mutual fund participants and investors. Settlement delays may affect liquidity planning for liquid and debt scheme investments. Participants need to adjust their operational processes and inform clients about revised settlement timelines during the holiday period.
Impact Justification
Operational changes affecting mutual fund settlement timelines due to holiday