Description

NSE notifies non-business days in April 2026 for select mutual fund schemes from ICICI Prudential, Nippon India, Bandhan, and DSP on the NSE MF Invest platform, during which subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be permitted.

Summary

NSE has notified all members that certain mutual fund schemes available on the NSE MF Invest platform will observe non-business days during April 2026. On these designated non-business days, no transactions — including Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs — will be processed for the affected schemes. The notification is issued based on communications received from the respective Asset Management Companies (AMCs).

Key Points

  • Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs will be suspended for the listed schemes on their respective non-business days
  • Four AMCs are affected: ICICI Prudential, Nippon India, Bandhan, and DSP
  • Non-business days fall on April 1, 2026 (ICICI Prudential, Bandhan) and April 6, 2026 (Nippon India, DSP)
  • All affected schemes are overseas/international Fund of Funds (FOFs) or equity funds with foreign underlying investments
  • The circular covers both Direct and Regular plan variants, including Growth, IDCW Payout, and IDCW Reinvestment options

Regulatory Changes

No regulatory changes are introduced. This is a routine operational notification based on AMC-communicated non-business days, typically aligned with public holidays in the underlying overseas markets (e.g., US, Taiwan, global markets).

Compliance Requirements

  • NSE members must ensure no transactions are processed through the NSE MF Invest platform for the listed schemes on their respective non-business days
  • Members should inform their clients of the transaction blackout dates for the affected schemes

Important Dates

  • April 1, 2026: Non-business day for ICICI Prudential and Bandhan schemes (includes ICICI Prudential Global Stable Equity Fund FOF, ICICI Prudential Passive Multi-Asset Fund of Funds, Bandhan US Specific Equity Active FOF — all variants)
  • April 6, 2026: Non-business day for Nippon India and DSP schemes (includes Nippon India Taiwan Equity Fund, DSP World Mining Overseas Equity Omni Fund of Fund, DSP Global Clean Energy Overseas Equity Omni Fund of Fund — all variants)

Impact Assessment

Impact is limited and routine. Investors holding or transacting in the listed international/overseas mutual fund schemes will be unable to place orders on the specified dates via the NSE MF Invest platform. This is a standard operational measure aligned with market holidays in the underlying foreign markets. No market-wide or systemic impact is expected. Investors should plan redemptions or purchases in these schemes ahead of the non-business days to avoid disruption.

Impact Justification

Routine administrative notice informing members of non-business days for specific mutual fund schemes investing in overseas markets; affects only transactions in listed schemes on specific dates and does not indicate regulatory or structural changes.