MFIs/MFDs/RIAs/RFDs are hereby informed that April 09, 2024 will be a non-business day for Debt and Liquid Funds on account of Gudi Padwa. Subscription orders in all the Debt, Liquid Mutual Fund schemes, L1 and L0 category of schemes shall be accepted on April 09, 2024 but reported to the respective Registrars on the next business day. The orders shall be available in the Provisional Order Report with Order date as April 09, 2024. Also, in the Order Status Report, the order date shall be available as order date as April 10, 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 April 09, 2024.
The settlement timings are provided below to transfer the funds to the respective AMC’s before the deadline time of schemes on April 09, 2024.
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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
|
|
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 on April 09, 2024, shall be transferred to the AMC’s on April 10, 2024.
The funds received for Liquid T1 type of transactions on April 09, 2024, will be given to the AMC’s in the 5th process on April 10, 2024, at 1:45 pm.
Members are requested to inform their clients to provide the On Market , Delivery Instruction (DIS) pertaining to the Demat Redemption and Switch orders placed by on April 09, 2024 , on same day before 4:30 PM, failing which the underlying demat redemption orders shall be rejected.
Mehul Parikh Jayesh Ashtekar
ADGM – Mutual Funds DGM – Mutual Funds |