The National Stock Exchange (NSE) on March 21, 2023, issued a circular regarding the changes in the Settlement schedule for transactions on account of the Clearing Holiday on March 22, 2023
The following has been stated namely: -
• It is requested to note the change in the settlement schedule on account of the clearing holiday on March 22, 2023.
• The changed settlement schedule for Subscription, Liquid Subscription, and Redemption has been attached to the document
• The fund’s settlement for the redemption orders shall be as per scheme category pay-out guidelines.
•The Funds settlement for redemption orders will take place depending on the fund’s settlement day for the scheme category, viz T+1, T+2, T+3, T+4, T+5, T+6, T+7 and T+8 where T is the transaction date and 1, 2, 3, 4, 5, 6, 7 and 8 are the number of days after the transaction date in which the redemption order has been placed.
• The category of the scheme can be checked in the scheme master.
Disclaimer: please refer to the document to view the changed settlement schedule
[Circular No. 0110/2023]
