MFIs/MFDs/RIAs are hereby informed that March 25, 2020 will be a non-business day for Debt and Liquid Funds on account of Gudi Padwa. The subscription/redemption orders in all the Debt, Liquid Mutual Fund schemes for L1 and L0 category of schemes shall be accepted on March 25, 2020. Redemption and switches executed for Debt and Liquid Funds will be reported to the respective Registrars on March 25, 2020 and subscription orders will get reported to respective Registrars on March 26, 2020 (Orders will get processed for applicable NAV). The orders shall be available in the Provisional Order Report as Order date as March 25, 2020. But in the Order Status Report, the order date shall be shown as March 26, 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 March 25, 2020.
Details of the NAV applicability for unit allotment / redemption payout for all schemes for transaction date March 25, 2020 are given in attached Annexure.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds
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