Description

NSE notifies non-business day on January 12 and 19, 2026 for certain Nippon India and ICICI Prudential international and global mutual fund schemes, during which subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be allowed.

Summary

NSE has notified members of non-business days for certain mutual fund schemes on the NSE MF Invest Platform for January 2026. On January 12, 2026, select ICICI Prudential international and global schemes will be non-operational, while on January 19, 2026, Nippon India US Equity and Japan Equity schemes will be non-operational. All transaction types including subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be allowed for the affected schemes on these dates.

Key Points

  • Circular Reference: NSE/NMFTM/72205, Circular No. 1106/2025, dated January 09, 2026
  • Non-business days notified: January 12, 2026 and January 19, 2026
  • Affected AMCs: Nippon India Mutual Fund and ICICI Prudential Mutual Fund
  • All transaction types will be blocked: Subscriptions, Redemptions, Switches, SIPs (Systematic Investment Plans), STPs (Systematic Transfer Plans), and SWPs (Systematic Withdrawal Plans)
  • Applies only to schemes listed in Annexure-I
  • Notification based on communication received from the respective Mutual Funds

Affected Schemes

Nippon India Schemes (Non-Business Day: January 19, 2026)

US Equity Opportunities Fund:

  • Direct Growth (INF204KA15G5)
  • Direct IDCW Payout (INF204KA16G3)
  • Direct IDCW Redemption (INF204KA17G1)
  • Regular Growth (INF204KA12G2)
  • Regular IDCW Payout (INF204KA13G0)
  • Regular IDCW Reinvest (INF204KA14G8)

Japan Equity Fund:

  • Direct Plan Growth (INF204KA1SI1, INF204KA1SK7)
  • Direct Plan IDCW (INF204KA1SM3, INF204KA1SO9)
  • Growth Plan Growth (INF204KA1SH3)
  • Growth Plan BON (INF204KA1SJ9)
  • Dividend Plan IDCW Payout (INF204KA1SL5)
  • Dividend Plan IDCW Reinvestment (INF204KA1SN1)

ICICI Prudential Schemes (Non-Business Days: January 12 & 19, 2026)

US Bluechip Equity Fund (January 19, 2026):

  • Regular Growth (INF109K01E35)
  • Regular IDCW Payout (INF109K01E50, INF109K01E43)
  • Direct Plan Growth (INF109K01Z71)
  • Direct Plan IDCW (INF109K01Z63, INF109K01Z55)

Global Stable Equity Fund (January 19, 2026):

  • Regular Growth (INF109KA1CB6)
  • Regular IDCW (INF109KA1CC4, INF109KA1CD2)
  • Direct Plan Growth (INF109KA1CE0)
  • Direct Plan IDCW (INF109KA1CF7, INF109KA1CG5)

Global Advantage Fund (FOF) (January 19, 2026):

  • Regular Growth (INF109KC1F00)
  • Regular IDCW Payout (INF109KC1F18, INF109KC1F26)
  • Direct Plan Growth (INF109KC1F34)
  • Direct Plan IDCW (INF109KC1F42)

Nasdaq 100 Index Fund (January 12, 2026):

  • Regular Growth
  • Regular IDCW Payout
  • Direct Plan Growth
  • Direct Plan IDCW Payout

Passive Multi-Asset Fund of Funds (January 12, 2026):

  • Regular Growth
  • Regular IDCW Payout
  • Direct Plan variants

Regulatory Changes

No regulatory changes introduced. This is an operational notification based on non-business days declared by the respective Asset Management Companies.

Compliance Requirements

  • NSE Members: Must inform their clients investing through NSE MF Invest Platform about the non-business days for affected schemes
  • Investors: Should plan transactions accordingly and avoid placing orders for affected schemes on January 12 and 19, 2026
  • System Operators: NSE MF Invest Platform will block all transaction types for listed schemes on specified dates

Important Dates

  • January 09, 2026: Circular issued
  • January 12, 2026: Non-business day for ICICI Prudential Nasdaq 100 Index Fund and Passive Multi-Asset FOF
  • January 19, 2026: Non-business day for all Nippon India US Equity and Japan Equity schemes, and ICICI Prudential US Bluechip, Global Stable Equity, and Global Advantage schemes

Impact Assessment

Operational Impact:

  • Limited to investors in specific international and global equity schemes
  • Likely related to holidays in underlying markets (US markets closed on January 20, 2026 for Martin Luther King Jr. Day; Japanese markets may have holiday considerations)
  • Investors with systematic plans (SIP/STP/SWP) scheduled on these dates will have their transactions skipped for that installment
  • No impact on schemes investing in domestic Indian markets

Market Impact:

  • Minimal overall market impact as this affects only specific international/global schemes
  • Routine occurrence when underlying international markets are closed for holidays
  • Investors should plan redemptions or subscriptions around these dates if immediate execution is required

Contact Information:

Impact Justification

Routine operational circular affecting specific mutual fund schemes on specific non-business days. Limited impact on overall market operations and affects only investors in listed international/global schemes.