Description

NSE announces non-business days for specific Nippon India and ICICI Prudential mutual fund schemes in December 2025, affecting subscriptions, redemptions, switches, and systematic investment plans.

Summary

NSE has notified all members about non-business days for certain mutual fund schemes on the NSE MF Invest Platform during December 2025. On the specified dates, subscriptions, redemptions, switches, SIPs (Systematic Investment Plans), STPs (Systematic Transfer Plans), and SWPs (Systematic Withdrawal Plans) will not be allowed for the affected schemes.

Key Points

  • Non-business days announced for Nippon India and ICICI Prudential mutual fund schemes
  • Affects subscriptions, redemptions, switches, SIPs, STPs, and SWPs transactions
  • Nippon India Japan Equity Fund schemes: December 31, 2025
  • ICICI Prudential Global Stable Equity Fund (FOF) schemes: December 24, 26, and 31, 2025
  • ICICI Prudential Global Advantage Fund (FOF) schemes: December 24, 26, and 31, 2025
  • All plan variants affected including Direct Plans, Growth Plans, and IDCW Plans

Regulatory Changes

No regulatory changes. This is an operational notification based on communications received from the mutual funds.

Compliance Requirements

  • NSE members must inform investors about the non-business days for affected schemes
  • No transactions will be processed for listed schemes on specified dates
  • Members should plan investor transactions accordingly to avoid disruptions

Important Dates

  • December 24, 2025: Non-business day for ICICI Prudential Global Stable Equity Fund (FOF) and Global Advantage Fund (FOF) schemes
  • December 26, 2025: Non-business day for ICICI Prudential Global Stable Equity Fund (FOF) and Global Advantage Fund (FOF) schemes
  • December 31, 2025: Non-business day for Nippon India Japan Equity Fund schemes and ICICI Prudential Global Stable Equity Fund (FOF) and Global Advantage Fund (FOF) schemes

Impact Assessment

Minimal market impact. This is a routine operational notification affecting only specific international/global fund schemes during the holiday season. Investors with holdings or scheduled transactions in these schemes should plan accordingly. The non-business days align with international market closures (Christmas Eve, Boxing Day, and New Year’s Eve). Domestic equity and other mutual fund schemes remain unaffected.

Impact Justification

Administrative notice affecting specific mutual fund schemes on designated non-business days; limited impact on overall market operations