Description
NSE announces suspension of trading in four SBI Mutual Fund Fixed Maturity Plan Series 42 (1857 Days) schemes effective April 29, 2026, due to redemption.
Summary
NSE has notified the suspension of trading in four units of SBI Mutual Fund Fixed Maturity Plan (FMP) Series 42 (1857 Days) effective April 29, 2026, pursuant to Regulation 3.1.2 of the NSE Capital Market Trading Regulations Part A. The suspension is on account of redemption, with the last day of trading being April 28, 2026.
Key Points
- Four SBI FMP Series 42 (1857 Days) schemes are suspended from trading effective April 29, 2026
- Suspension reason: Redemption of matured Fixed Maturity Plan units
- Last trading day for all four schemes: April 28, 2026 (closing hours)
- Circular issued under NSE Download Ref No: NSE/CML/73840, Circular Ref No: 0661/2026
- Applicable under Regulation 3.1.2 of NSE (Capital Market) Trading Regulations Part A
Regulatory Changes
No new regulatory changes introduced. This is a routine action under existing Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A, which governs suspension of securities from trading.
Compliance Requirements
- Members of NSE are notified to cease trading in the listed securities from the suspension date
- No further trading permitted in these units on or after April 29, 2026
- Investors holding these units should note the last trading date of April 28, 2026
Important Dates
- Circular Date: April 22, 2026
- Last Trading Day: April 28, 2026 (closing hours)
- Suspension Effective Date: April 29, 2026
Impact Assessment
The suspension affects four variants of SBI Mutual Fund FMP Series 42 (1857 Days) — Regular Plan Growth (SFMP42GR), Regular Plan IDCW Payout (SFMP42DR), Direct Plan Growth (SFMP42GD), and Direct Plan IDCW (SFMP42DD). This is a standard end-of-term action for fixed maturity plans reaching their redemption date. Investors in these schemes will have their units redeemed as per the fund’s terms. Market impact is limited and expected, as FMP redemptions are scheduled events. No broader market disruption is anticipated.
Impact Justification
Routine suspension of mutual fund units at maturity for redemption; affects only holders of these specific SBI FMP Series 42 schemes with last trading on April 28, 2026.