Clarification for transactions acceptance of April 01, 2025 (Annual Bank Closure Day) on BSE StAR MF Platform)

• Notice No: 20250326-24
• Notice Date: 26 Mar 2025
• Category: Settlement/RMS
• Segment: Mutual Fund

MFIs/MFDs/RIAs/RFDs/Market Participants  are hereby informed that April 1, 2025, is tentatively considered  as  a Banking Holiday on account of Annual Bank Closing Day.

In view of the same please note , Subscription orders in liquid, debt and Equity schemes shall be accepted on BSEStAR MF platform on April 1^st, 2025.    

Orders of Liquid and Debt schemes received on April 1^st 2025 shall be forwarded to RTA/AMC on the next working day i.e. on April 2^nd 2025, subject to funds confirmation received within the applicable cut-off time (Orders  will get  processed for applicable NAV accordingly).

Further subscription orders for Equity schemes shall be accepted on April 01, 2025, and will be reported to the respective AMCs Registrars on order day post successful funds receipt/matching, and all such settled orders shall be available in the Provisional Order Report as well as Order status Report of April 01, 2025.

In view Banks annual closure activity, the funds settlement for Equity based transactions to AMC’s bank accounts on April 01, 2025, may get impacted. Thus, Equity based orders received & settled on April 01, 2025, shall be forwarded to RTA / AMC for their processing on the same day i.e. April 01, 2025, subject to fund confirmation received within applicable cut-off (Orders will get processed for applicable NAV) and  availability of banking systems to transfer the funds  to AMC.  ICCL shall transfer the funds to AMC on best effort basis.  In view of this investors might get the applicable NAV  of April 1^st   2025 or 02^nd April , depending on the banking systems availability for orders placed by them after 2:30 pm of March 28, 2025 till 2:30 pm on April 01, 2025.

Redemption and switch orders pertaining to Equity, Liquid and Debit schemes   received on April 1^st, 2025, on BSEStAR MF platform will be reported to respective   RTA/AMC on April 1^st 2025. Redemption proceeds for all liquid and Debt Schemes transaction shall accordingly be received as per the TAT for that day.  Valid Redemption orders pertaining to Equity Schemes shall be processed for NAV of April 1^st 2025.

In case of any further changes, the Market Participants shall be informed accordingly.

Mehul Parikh                                                               Jayesh Ashtekar

ADGM – Mutual Funds                                             DGM – Mutual Funds