The Bombay Stock Exchange (BSE) on June 27, 2023, issued a notification regarding the Change in Trading Holiday for Mutual Funds Segments and Change Settlement Calendar.
The following has been stated namely: -
• Due to a change in holiday on account of Bakri ID (Id-Ul-Zuha) from June 28, 2023, to June 29, 2023, there will be changes in trading holidays in June 2023 on the BSE StAR MF platform.
• The change in the Settlement calendar of Mutual Funds transactions is provided for the following: -
1. Mutual Fund – Subscription (Non-Liquid):
a. Funds pay-out to AMCs for Non-Liquid transactions processed, will happen before 3:00 PM on T day.
b. Funds pay-out to AMCs for transactions of NFO (MF) schemes will happen on T+1 day on the basis of funds confirmation received by ICCL till 6:00 pm on T day.
2. MF Subscription – (Liquid)
3. Mutual Fund - Redemption
[Notification No. 20230627-8]
