This is with reference to Notice No. 20240913-21 dated September 13, 2024, regarding clarification for transactions acceptance of September 16, 2024 (Eid-e-Milad) on BSE StAR MF Platform.
MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from AMCs regarding change in non-business day for Debt and Liquid Funds on account of Eid-e-Milad from September 16, 2024, to September 18, 2024. Hence subscription orders in all the Debt, Liquid Mutual Fund schemes and L1 and L0 category of schemes shall be accepted on September 18, 2024, and will be reported to the respective Registrars on the next business day. The orders shall be available in the Provisional Order Report with Order date as September 18, 2024. Also, in the Order Status Report, the order date shall be available as order date as September 19, 2024.
NAV applicability for unit allotment / redemption pay-out for said category of scheme transactions are provided in attached Annexure.
The Redemption’s/Switch’s/STP’s orders in all categories of scheme shall be accepted and reported to the respective Registrars on September 18, 2024.
In view of the same, we request the MFIs/MFDs/RIAs/RFDs to note the following:
We may inform MFIs/MFDs/RIAs/RFDs that the system will not reject the SIP orders pertaining to Equity, Debt and Liquid schemes for which the FC file is not uploaded by payment aggregators on September 18, 2024, till 2:30 PM.
The settlement timings provided below to transfer the funds to the respective AMCs before the deadline time of schemes.
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Process No
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Order placement deadline time
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Order cancellation cut-off time
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Settlement Process commencement time
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1
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1:45 PM
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1:47 PM
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1:47 PM
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|
2
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2:15 PM
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2:17 PM
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2:17 PM
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|
3
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2:30 PM
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2:32 PM
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2:32 PM
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MFDs/RFDs may note that the funds received for Liquid (L0) based schemes till 1:00 PM, Debt schemes till 2:30 PM shall be transferred to the AMCs on September 19, 2024.
The funds received for Liquid T1 type of transactions on September 18, 2024, will be given to the AMCs in the final process on September 19, 2024, at 1:45 pm.
Members are requested to inform their clients to deliver the DIS pertaining to the Redemption and Switch orders placed by them for Demat transactions on September 18, 2024, before 4:30 PM, failing which the underlying orders are bound to be rejected.
Members can reach us through our Mutual Fund Helpdesk numbers on 022-45720450 and 022-45720650 on business days between 8:00am to 7:00pm. You can also raise your queries on our CRS portal: - https://bsecrs.bseindia.com
Ketan Jantre Mahesh Tare
Head - Trading Operations Manager – Mutual Funds |