slide

Equity mutual fund to shift to T 2 settlement cycle from Feb 1

AMCs will move to a shorter redemption payment cycle of T 2 for equity schemes from February 1.

At present, funds are transferred to the investor's bank account within 3 days after the completion of the redemption process.

The move is in line with the T 1 settlement cycle of equity markets to benefit mutual fund investors.

Indian equity markets moved to a T 1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.

Equity shares, including SME shares, ETFs, REITs, InvITs, SGB, Government and Corporate Bonds trading in the equity segment will now be settled only on T 1 basis.

Globally most stock exchanges in developed as well as emerging markets follow the T 2 settlement system.

Click here to know more about T 2 settlement cycle 

Check here for more mutual fund related stories.

At present, funds are transferred to the investor's bank account within 3 days after the completion of the redemption process. The move is in line with the T 1 settlement cycle of equity markets to benefit mutual fund investors.

Budget 2023 Expectations: What Indian millennials want from FM Sitharaman?

Life Insurance: Is it better to have more than one policy?

Your Questions Answered: I'm 34 and want to invest in FPO. Can you elaborate the process and pricing of a rights issue?

Budget 2023 Expectations: Funding, tax incentives, social security: What women entrepreneurs want from FM

Income Tax: List of sections under I-T Act that can maximise your tax savings

Worried about market volatility 2023? Here are 4 investment strategies you must know

Budget 2023 Expectations: What salaried employees are expecting from FM Sitharaman?

Budget 2023 Expectations: What does the youth of the nation look forward to; MintGenie explains

NFO Alert: ITI Mutual Fund House launches the ITI Flexi Cap Fund; all you need to know

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

Equity mutual fund to shift to T 2 settlement cycle from Feb 1

At present, funds are transferred to the investor's bank account within 3 days after the completion of the redemption process. The move is in line with the T 1 settlement cycle of equity markets to benefit mutual fund investors.

Topics to follow