Description

NSE Clearing announces settlement holidays for Mutual Fund Service System (MFSS) for the calendar year 2026, listing 19 holidays and 4 weekend holidays.

Summary

NSE Clearing Limited has notified settlement holidays for the Mutual Fund Service System (MFSS) for calendar year 2026. The circular lists 19 settlement holidays falling on weekdays and 4 additional holidays falling on weekends. This schedule is essential for all MFSS participants to plan their settlement activities throughout 2026.

Key Points

  • Total of 19 settlement holidays on weekdays for MFSS in 2026
  • 4 additional holidays falling on Saturday/Sunday: Mahashivratri (Feb 15), Ramzan-Id (Mar 21), Independence Day/Parsi New Year (Aug 15), and Diwali Amavasya (Nov 8)
  • Holidays include national festivals, religious observances, and Annual Bank Closing
  • Circular reference: 406/2025, Download reference: NCL/MFSS/71948
  • Applicable to all MFSS participants

Settlement Holidays - 2026 (Weekdays)

  1. January 26 (Monday) - Republic Day
  2. February 19 (Thursday) - Chhatrapati Shivaji Maharaj Jayanti
  3. March 3 (Tuesday) - Holi (Second Day)
  4. March 19 (Thursday) - Gudhi Padwa
  5. March 26 (Thursday) - Ram Navami
  6. March 31 (Tuesday) - Mahavir Jayanti
  7. April 1 (Wednesday) - Annual Bank Closing
  8. April 3 (Friday) - Good Friday
  9. April 14 (Tuesday) - Dr. Babasaheb Ambedkar Jayanti
  10. May 1 (Friday) - Maharashtra Din / Buddha Pournima
  11. May 28 (Thursday) - Bakri ID (Id-Uz-Zuha)
  12. June 26 (Friday) - Moharum
  13. August 26 (Wednesday) - Id-E-Milad
  14. September 14 (Monday) - Ganesh Chaturthi
  15. October 2 (Friday) - Mahatma Gandhi Jayanti
  16. October 20 (Tuesday) - Dussehra
  17. November 10 (Tuesday) - Diwali (Bali Pratipada)
  18. November 24 (Tuesday) - Guru Nanak Jayanti
  19. December 25 (Friday) - Christmas

Holidays Falling on Weekends

  1. February 15, 2026 (Sunday) - Mahashivratri
  2. March 21, 2026 (Saturday) - Ramzan-Id (Id-Ul-Fitr)
  3. August 15, 2026 (Saturday) - Independence Day/Parsi New Year (Shahenshahi)
  4. November 8, 2026 (Sunday) - Diwali Amavasya (Laxmi Pujan)

Compliance Requirements

  • All MFSS participants must note these settlement holidays for operational planning
  • No MFSS settlements will be processed on the notified holidays
  • Participants should adjust their transaction schedules and client communications accordingly
  • Settlement cycles should factor in these holidays for accurate fund transfer planning

Important Dates

  • Effective Period: Calendar Year 2026 (January 1 - December 31, 2026)
  • Circular Date: December 23, 2025
  • First holiday: January 26, 2026 (Republic Day)
  • Last holiday: December 25, 2026 (Christmas)

Impact Assessment

Operational Impact: Medium - MFSS participants need to plan settlement operations around 19 weekday holidays. The distribution of holidays throughout the year, with clusters in March-April and October-November, may require careful liquidity and operational planning.

Market Impact: Low - This is a routine annual notification that allows market participants to plan ahead for mutual fund settlement operations.

Planning Considerations: Participants should note the concentration of holidays in certain months (4 holidays in March, 3 in April, 3 in October, 3 in November) which may affect settlement cycles and fund availability during these periods.

Impact Justification

Informational circular providing annual settlement holiday schedule for MFSS participants. Medium impact as it affects mutual fund settlement operations planning for 2026.