MFIs/MFDs/RIAs are hereby informed that April 1, 2022, is a Non-Business Day on account of Annual Bank Closing on the same day.
In view of the same, purchase orders in Liquid, Debt and Equity schemes shall be accepted on BSE StAR MF platform on April 01, 2022. The orders for Liquid and Debt received on April 01, 2022, shall be forwarded to RTA/AMC for their processing on the next working day i.e., April 04, 2022, subject to fund confirmation received within the applicable cut-off. (Orders will get processed for applicable NAV).
Further, in view of the holiday announced for RBI RTGS system, the funds settlement for Equity based transactions to AMC’s bank accounts on April 01, 2022, may also get impacted. Thus, Equity based orders received on April 01, 2022, shall also be forwarded to RTA / AMC for their processing on the next working day i.e. April 04, 2022, subject to fund confirmation received within applicable cut-off (Orders will get processed for applicable NAV).
Redemption and switch transactions pertaining to Equity, Liquid and Debt schemes received on April 01, 2022, on BSE StAR MF platform will be reported to the respective RTA / AMC on April 01, 2022. The redemption proceeds for all Liquid and Debt schemes transactions shall accordingly be received as per the TAT from that day. The valid redemption transactions pertaining to Equity based transactions shall be processed for NAV of April 01, 2022.
Accordingly, the order dates for different types of transactions shall be reflected as follows:
- Purchase orders in Provisional Order Report shall be available with order date as April 01, 2022 whereas in the Order Status Report, the order date for purchase orders shall be shown as April 04, 2022.
- Redemption and Switch orders shall be shown with order date as April 01, 2022 in Provisional Order Report and in the Order Status Report.
The details of the NAV applicability for unit allotment / redemption pay-out for all schemes for transaction date April 04, 2022 are provided in the attached Annexure.
In case of any further changes, the exchange shall inform the members accordingly.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Dy. General Manager – Mutual Funds
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