Description

NSE announces non-business days for specific Axis Mutual Fund schemes on December 24 and 26, 2025, during which subscriptions, redemptions, switches, and SIPs will not be allowed.

Summary

National Stock Exchange of India has issued a circular regarding non-business days for certain Axis Mutual Fund schemes on the NSE MF Invest Platform for December 2025. On December 24 and 26, 2025, multiple Axis Fund of Fund schemes will not be available for transactions. All subscriptions, redemptions, switches, SIPs, STPs, and SWPs will be suspended for the listed schemes on these dates.

Key Points

  • Non-business days announced for specific Axis Mutual Fund schemes
  • Dates affected: December 24, 2025 and December 26, 2025
  • All transaction types suspended: Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs
  • Applies only to schemes listed in Annexure-I
  • Affected schemes include Axis Global Equity Alpha Fund of Fund, Axis Greater China Equity Fund of Fund, Axis Global Innovation Fund of Fund, and Axis NASDAQ 100 Fund of Fund
  • Both Direct and Regular plans affected across IDCW Payout, IDCW Reinvestment, and Growth options

Regulatory Changes

No regulatory changes introduced. This is an operational notification regarding platform availability for specific mutual fund schemes.

Compliance Requirements

  • NSE members must ensure that transactions in the listed schemes are not processed on December 24 and 26, 2025
  • Members should communicate the non-business days to their clients invested in or planning to invest in the affected Axis Fund of Fund schemes
  • Platform should be configured to reject transaction requests for these schemes on the specified dates

Important Dates

  • Circular Date: December 5, 2025
  • Non-Business Days: December 24, 2025 and December 26, 2025
  • Affected Schemes: All Axis Global Equity Alpha, Greater China Equity, Global Innovation, and NASDAQ 100 Fund of Fund schemes (various ISINs listed in Annexure-I)

Impact Assessment

Market Impact: Minimal. This affects only specific Fund of Fund schemes from Axis Mutual Fund.

Investor Impact: Low to medium for investors in the affected schemes who may need to plan their transactions around these non-business days. Investors should place orders before or after the specified dates.

Operational Impact: Routine operational adjustment for the NSE MF Invest platform. Members need to ensure their systems reflect these non-business days for the affected schemes.

Scope: Limited to Axis Mutual Fund’s international and index-based Fund of Fund schemes. Does not affect other mutual fund schemes or AMCs on the platform.

Impact Justification

Routine notification of non-business days for specific mutual fund schemes affecting only certain Axis Fund of Fund schemes on December 24 and 26, 2025. Limited impact to investors in these specific schemes.