Change in the settlement cycle due to a settlement holiday today

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The BSE StAR MF platform has informed its members that October 19, 2021 will be a non-business day for Eid-e-Milad debt and liquid funds.

Due to the Eid-e-Milad account settlement holiday, debt and liquidity mutual fund orders placed after 1:30 p.m. on October 18, 2021 will be processed on October 20, 2021. The amount of these orders will be deducted from the general ledger on October 20, 2021. Allocation and redemptions due October 19, 2021 will be settled on October 20, 2021.

FCP equity orders placed after 1:30 p.m. on October 18, 2021 will be processed on October 19, 2021 and the amount will be debited on the same day. Redemption / Switch / STP orders in all program categories will be accepted and reported to the respective registrars on October 19, 2021.

MFIs / IFRs should upload the Fund Confirmation (FC) file for SIP transactions based on equity, debt and cash from October 19, 2021 at 2:35 p.m., to allow ICCL to debit the settlement pool account. members and transfer the fund to the respective AMCs before the 3:00 p.m. cut-off time.

MFIs / IFRs should note that ICCL will debit members’ settlement pool account for valid lump sum transactions executed / available on October 19, 2021 according to the settlement schedules provided below to transfer funds to the respective AMCs prior to time. systems limit.

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