MFIs/MFDs/RIAs are hereby informed that May 07, 2020 will be a non-business day for Debt and Liquid Funds on account of Buddha Purnima. However, the subscription/redemption orders in all the Debt, Liquid Mutual Fund schemes for L1 and L0 category of schemes shall be accepted on May 07, 2020.
Redemption and switches executed for Debt and Liquid Funds will be reported to the respective Registrars on May 07, 2020 and subscription orders will get reported to respective Registrars on May 08, 2020 (Orders will get processed for applicable NAV). Accordingly, in the Provisional Order Report the subscription orders date shall be available with Order date as May 07, 2020 whereas in the Order Status Report, the order date for subscription orders shall be shown as May 08, 2020. Further, the redemption and switch orders shall be shown in the Provisional orders report and in the Order Status Report with order date as May 07, 2020.
The Subscription/redemption orders in Normal schemes and subscription in L1 scheme category of Equity schemes shall be accepted and reported to the respective Registrars on May 07, 2020.
The details of the NAV applicability for unit allotment / redemption pay-out for all schemes for transaction date May 07, 2020 are provided in the attached Annexure.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds |