The National Stock Exchange (NSE) on September 05, 2024, notified regarding the change in the settlement schedule for transactions on account of the Clearing Holiday on Sep 16, 2024, in the Mutual Fund Service System Segment.
The following has been stated namely: -
• It states a change in the settlement schedule for transactions due to a clearing holiday on September 16, 2024, the subscription orders on September 16 will have the settlement date for funds and units on the same day, while the pay-out of units will occur on September 17.
• Funds settlement for redemption orders shall follow the scheme category payout guidelines, occurring on T+1, T+2, T+3, T+4, T+5, T+6, T+7, and T+8 days from the transaction date (T), with participants advised to check the scheme master for the specific category.
Kindly refer to the attached document for detailed notification.
[Circular no. - NCL/MFSS/ 63759]
