The National Stock Exchange (NSE) on May 04, 2023, issued a notification regarding the MFSS - Change in Settlement schedule for transactions on account of Clearing Holiday on May 05, 2023.
The following has been stated namely: -
• It states the Settlement schedule for the following namely: -
(i) Subscription
(ii) Liquid Subscription
(iii) Redemption
• It is to be noted that The fund’s settlement for the redemption orders shall be as per scheme category payout guideline. 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. Participants are requested to check the category of the scheme in the scheme master.
• It is further requested to refer to consolidates circular reference no: NCL/MFSS/55101 dated January 02, 2023.
[Circular No. NCL/MFSS/56588]
