Description

NSE declares non-business days for specific mutual fund schemes from AXIS, DSP, and Edelweiss AMCs on the NSE MF Invest Platform during February 2026.

Summary

NSE has announced non-business days for certain mutual fund schemes on the NSE MF Invest Platform during February 2026. The circular affects schemes from three AMCs - AXIS, DSP, and Edelweiss - primarily international and fund-of-fund schemes. These schemes will not be available for transactions on the specified dates.

Key Points

  • AXIS Greater China Equity Fund of Fund schemes: Non-business days on February 18 and 19, 2026
  • DSP Value Fund schemes: Non-business day on February 16, 2026
  • DSP international and overseas equity FOF schemes: Non-business day on February 19, 2026
  • Edelweiss international equity offshore fund schemes: Non-business days on February 17 and 18, 2026
  • All plan variants (Direct/Regular, Growth/IDCW Payout/IDCW Reinvestment) are affected
  • Total of 6 ISINs from AXIS, 24 ISINs from DSP, and multiple ISINs from Edelweiss affected

Regulatory Changes

No regulatory changes introduced. This is an operational notification regarding platform availability.

Compliance Requirements

  • Investors should note that the listed mutual fund schemes will not be available for purchase, redemption, or switch transactions on the specified non-business days
  • Market participants and distributors should inform clients about the non-availability of these schemes on the mentioned dates
  • Alternative transaction dates should be planned accordingly

Important Dates

  • February 16, 2026: DSP Value Fund schemes unavailable
  • February 17, 2026: Edelweiss Greater China and Emerging Markets schemes unavailable
  • February 18, 2026: AXIS Greater China and Edelweiss international schemes unavailable
  • February 19, 2026: AXIS Greater China and DSP international/overseas equity FOF schemes unavailable

Impact Assessment

Market Impact: Minimal - affects only specific mutual fund schemes on designated dates

Operational Impact: Limited to investors and distributors dealing with the specified international and fund-of-fund schemes. Domestic equity and debt funds remain unaffected.

Investor Impact: Investors planning transactions in these schemes need to schedule purchases or redemptions on alternative dates. The non-business days likely correspond to holidays in the underlying markets (China, US, ASEAN markets).

Scheme Categories Affected:

  • International equity funds (Greater China, ASEAN, Emerging Markets, US-specific)
  • Global thematic funds (World Gold Mining, Global Innovation)
  • Fund of Funds investing in overseas securities

Investors with systematic investment plans (SIPs) or systematic withdrawal plans (SWPs) should verify if their transactions will be processed on the next available business day.

Impact Justification

Routine operational circular affecting specific mutual fund schemes on specific dates with no broader market impact