Description

NSE notifies non-business days for select schemes of ICICI Prudential, Bandhan, and Nippon India AMCs on the NSE MF Invest platform in May 2026, suspending transactions on specified dates.

Summary

NSE has notified members that certain mutual fund schemes from ICICI Prudential, Bandhan, and Nippon India AMCs will observe non-business days in May 2026 on the NSE MF Invest platform. On the specified dates, no Subscriptions, Redemptions, Switches, SIPs, STPs, or SWPs will be permitted for the listed schemes.

Key Points

  • Non-business days apply to select schemes of three AMCs: ICICI Prudential, Bandhan, and Nippon India
  • All transaction types are suspended on non-business days: Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs
  • Affected schemes are primarily international/US-focused Fund of Funds (FOFs)
  • The circular was issued by NSE’s NMF TM Segment (Ref: NSE/NMFTM/74159, Circular Ref: 1366/2026)

Regulatory Changes

No new regulatory changes are introduced. This is an operational notice passed on from AMC communications to NSE members regarding temporary transaction suspensions.

Compliance Requirements

  • NSE members must ensure that no transactions (Subscriptions, Redemptions, Switches, SIPs, STPs, SWPs) are processed for the listed schemes on their respective non-business days through the NSE MF Invest platform
  • Members should communicate this to their clients invested in or intending to invest in the affected schemes

Important Dates

  • 14 May 2026: Non-business day for ICICI Prudential Global Stable Equity Fund (FOF) — all 6 plan variants (Direct Growth, Direct IDCW Reinvestment, Direct IDCW Payout, Regular Growth, Regular IDCW Payout, Regular IDCW Reinvestment)
  • 25 May 2026: Non-business day for Bandhan US Equity Fund of Fund (6 variants), Bandhan US Treasury Bond 0-1 Year Fund of Fund (6 variants), and Nippon India US Equity Opportunities Fund (6 variants)

Impact Assessment

Investors in the 24 affected mutual fund scheme variants will be unable to transact on the NSE MF Invest platform on the specified non-business days. All affected schemes are internationally-oriented FOFs tracking US markets, suggesting the non-business days are aligned with US market holidays or settlement constraints. Impact is limited to investors in these specific schemes and does not affect the broader equity or debt market segments. Investors needing liquidity on these dates should plan transactions in advance.

Impact Justification

Operational notice affecting transactions in specific international/US-focused FOF mutual fund schemes on two dates in May 2026; impacts investors in these schemes but limited in broader market scope.