Description

NSE notifies non-business days in March 2026 for select schemes of PGIM, DSP, and ICICI Prudential mutual funds on the NSE MF Invest platform, during which subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be permitted.

Summary

NSE has notified members that certain mutual fund schemes of PGIM India, DSP, and ICICI Prudential will observe non-business days in March 2026 on the NSE MF Invest platform. On these designated dates, all transactions including Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs will not be processed for the affected schemes.

Key Points

  • Non-business days apply to select schemes of three AMCs: PGIM India, DSP, and ICICI Prudential
  • All transaction types are suspended on these dates: Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs
  • Notification is based on communication received directly from the respective AMCs
  • Primarily affects Fund of Funds (FOF) and multi-asset schemes with international exposure
  • Circular reference: NSE/NMFTM/73272 | Circular Ref. No: 1261/2026

Regulatory Changes

No new regulatory changes. This is an operational notification based on AMC-communicated non-business days for internationally linked fund schemes, likely tied to non-trading days in overseas markets.

Compliance Requirements

  • Members must ensure that no transactions (subscriptions, redemptions, switches, SIPs, STPs, SWPs) are processed for the listed schemes on the respective non-business days through the NSE MF Invest platform
  • Members should communicate this restriction to their clients in advance to avoid failed transactions

Important Dates

  • 17 March 2026: Non-business day for PGIM India Global Equity Opportunities FOF and PGIM India Emerging Markets Equity FOF schemes (ISINs: INF223J01NF2, INF223J01AU8, INF223J01NL0, INF223J01AY0)
  • 19 March 2026: Non-business day for PGIM India Global Select Real Estate Securities FOF schemes (ISINs: INF663L01W63, INF663L01W97), DSP Multi Asset Omni Fund of Funds schemes (ISINs: INF740KA1YE9–YD1), and select ICICI Prudential schemes
  • 20 March 2026: Non-business day for select ICICI Prudential schemes
  • 19 March 2026 (also): Additional ICICI Prudential Global Stable Equity and Passive Multi-Asset FOF schemes

Impact Assessment

Investors holding units in the affected PGIM India, DSP, and ICICI Prudential Fund of Funds and multi-asset schemes will be unable to transact on the specified dates via the NSE MF Invest platform. The impact is moderate and temporary, confined to specific schemes primarily investing in international markets. Investors with time-sensitive transactions should plan accordingly and execute trades on adjacent business days. No impact on equity, debt, or derivatives market segments.

Impact Justification

Operational notification affecting specific mutual fund scheme transactions on designated non-business days in March 2026; impacts investors in PGIM, DSP, and ICICI Prudential FOF and multi-asset schemes but is temporary and limited in scope.