Description
Revised settlement schedule for mutual fund transactions due to clearing holiday change from September 5 to September 8, 2025 for Id-E-Milad.
Summary
NSE Clearing Limited has revised the settlement schedule for mutual fund transactions on NSE Invest Platform due to the change in clearing holiday from September 5, 2025 to September 8, 2025 for Id-E-Milad as per RBI notification.
Key Points
- Clearing holiday for Id-E-Milad changed from September 5 to September 8, 2025
- Settlement schedule previously communicated via circular NCL/MFSS/70004 dated September 3, 2025 has been revised
- Different settlement timelines apply for liquid/debt schemes versus other schemes
- No redemption funds pay-out on September 8, 2025
- No liquid subscription orders and settlements on September 8, 2025
Regulatory Changes
Revised settlement procedures based on RBI notification regarding the clearing holiday date change.
Compliance Requirements
- Participants must follow revised settlement schedule
- Funds for liquid and debt schemes subscription to be settled to AMC on next business day (September 9, 2025)
- Other scheme subscriptions within cut-off time to be settled on September 8, 2025
- Check scheme category in scheme master for redemption settlement guidelines
Important Dates
- September 5, 2025: Original clearing holiday date (changed)
- September 8, 2025: New clearing holiday date
- September 9, 2025: Settlement date for liquid/debt schemes and unit pay-in/pay-out
- Cut-off times: 14:30 hrs for regular funds, 13:00 hrs for liquid funds
Impact Assessment
Medium operational impact on mutual fund participants who need to adjust their settlement expectations and processes. The revision affects subscription and redemption settlement timelines, with extended settlement periods for certain transactions moving to September 9, 2025.
Impact Justification
Operational impact on mutual fund transactions settlement timing due to holiday revision