Description

NSE Clearing Limited publishes the Mutual Fund Service System (MFSS) settlement calendar for June 2026, covering subscription, liquid subscription, and redemption settlement schedules.

Summary

NSE Clearing Limited (NCL) has published the Mutual Fund Service System (MFSS) settlement calendar for June 2026 (Circular Ref. No: 0158/2026). The calendar covers three settlement types: MFSS Subscription (Type ‘S’, T+1), Liquid Subscription (Type ‘K’, T+0 units), and Redemption (Type ‘U’), along with scheme category codes and fund settlement days in Annexure ‘D’.

Key Points

  • Settlement calendar covers June 1, 2026 through June 30, 2026 (with last settlement carrying into July 1, 2026)
  • Three annexures detail separate schedules: Annexure A (Subscription T+1), Annexure B (Liquid Subscription T+0 units), Annexure C (Redemption)
  • Subscription (Type ‘S’) settlement numbers run from 2026099 to 2026119
  • Liquid Subscription (Type ‘K’) follows same settlement numbering (2026099 onwards) with same-day unit payout
  • Funds settlement for subscription orders depends on the fund’s settlement day for the scheme category (T Day)
  • Participants must verify scheme category in the scheme master
  • Annexure ‘D’ provides category codes and settlement day details for subscription and redemption orders

Regulatory Changes

No regulatory changes. This is a routine operational notice providing the monthly settlement calendar as required by NSE Clearing Limited procedures.

Compliance Requirements

  • All MFSS participants must adhere to the published settlement schedule for June 2026
  • Participants are required to check the scheme category in the scheme master to determine applicable funds settlement day
  • Payin and payout of funds and units must be completed as per the dates specified in the respective annexures

Important Dates

  • First settlement date: June 1, 2026 (Settlement No. 2026099)
  • Last settlement date in June: June 30, 2026 (Settlement No. 2026119, units payout July 1, 2026)
  • Market holidays observed: June 26–28, 2026 (weekend gap between June 25 and June 29 settlement dates)
  • Circular issued: May 5, 2026

Impact Assessment

This circular affects all MFSS participants including mutual fund distributors, registrars, and clearing members who process subscription and redemption orders through NSE’s Mutual Fund Service System. Operational teams must update their systems with the June 2026 settlement schedule to ensure timely payin/payout of funds and units. No market-wide or systemic impact is anticipated; this is standard monthly schedule communication.

Impact Justification

Routine operational circular providing settlement schedules for mutual fund transactions in June 2026; important for participants managing MFSS transactions but not indicative of regulatory or market structure changes.