Description

NSE announces non-business days for specific Bandhan and ICICI Prudential mutual fund schemes on January 12 and 19, 2026. Subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be allowed on these dates.

Summary

NSE has notified members about non-business days for certain mutual fund schemes on the NSE MF Invest Platform for January 2026. On these designated dates, all transaction types including subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be permitted for the affected schemes. The circular affects Bandhan US Specific Equity Active FOF schemes (January 19, 2026) and ICICI Prudential Global Advantage Fund FOF schemes (January 12, 2026).

Key Points

  • Non-business days declared for specific mutual fund schemes on NSE MF Invest Platform
  • Bandhan US Specific Equity Active FOF (all plan variants) - non-business day on January 19, 2026
  • ICICI Prudential Global Advantage Fund FOF (all plan variants) - non-business day on January 12, 2026
  • All transaction types suspended: Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs
  • Affects both Direct and Regular plans, Growth and IDCW options
  • Circular reference: NSE/NMFTM/72232, Circular Ref. No: 1111/2025

Regulatory Changes

No regulatory changes introduced. This is an operational notification based on communication received from the respective mutual fund houses.

Compliance Requirements

  • Members must inform investors about the non-business days for affected schemes
  • No transactions should be processed for the listed schemes on their respective non-business days
  • Platform to block transaction requests for affected ISINs on specified dates
  • Members should plan investor communications accordingly to avoid transaction failures

Important Dates

  • January 12, 2026: Non-business day for all ICICI Prudential Global Advantage Fund FOF schemes
  • January 19, 2026: Non-business day for all Bandhan US Specific Equity Active FOF schemes
  • Circular Date: January 9, 2026

Impact Assessment

Market Impact: Minimal - affects only specific international fund-of-funds schemes for single days.

Operational Impact: Low - members need to ensure their systems and customer service teams are aware of the restricted transaction days. Investors attempting transactions on these dates will face rejections.

Investor Impact: Limited - only impacts investors in these specific schemes who plan to transact on the designated non-business days. Systematic investment/withdrawal plans scheduled for these dates will be skipped.

AMCs Affected: Bandhan Mutual Fund and ICICI Prudential Mutual Fund (fund-of-funds products only)

Impact Justification

Routine operational circular affecting specific mutual fund schemes on designated non-business days. Limited impact as it only affects transactions for specific schemes on particular dates.