Stock Market open on Saturday; will mutual fund settlement take place today?

All Mutual Funds will be observing non-business day on Saturday, February 01, 2025 despite equity markets being open on Budget Day.

The net asset value for different mutual fund schemes will be declared based on market closing of February 1 so that units values are sync with market value. However, no units will be redempt or settled as per today’s NAV.

Requests for sales or redemptions of mutual funds units will be settled as per net asset value (NAV) of February 3 (Monday).

As per exchange circular on BSE, “Members are hereby informed that, all Mutual Funds are observing Non- Business Day / Non- Transaction Day on the Union Budget Day on Saturday, February 01, 2025, for all schemes. Therefore, the Exchange shall also observe a non-business day for Mutual Fund schemes on BSE StAR MF platform on the day of presentation of the Union Budget on Saturday, February 01, 2025.”

Investors will be able to buy Exchange traded funds (ETF) as they are directly purchased via stock exchanges. However, the settlement will take place on Monday, February 3, 2025.

On account of the Union Budget announcement on Saturday, 1 February 2025, markets will remain open. Stock and derivative trading on NSE and BSE will be open as usual from 9:15 AM to 3:30 PM, while Commodity derivatives trading will remain open until 5:00 PM. Meanwhile, the trade and fund settlement for January 31 and February 1 will take place on Monday, February 3.

Budget 2025

Investors are keeping an eye on the Union Budget 2025, which will be presented on February 1 around 11 am. Key things to watch out in Union Budget include the fiscal deficit, capital expenditure, gross borrowing, tax revenue, disinvestment and asset monetisation, dividends from RBI and financial institutions, and GST collection.