T+3 Settlement - Question

If we do a switch on an equity MF on 26th March 2021, is it right to assume that though switch-out will happen on 26th March… switch-in will happen only on 1st April NAV because

26th Mar - Perform a switch-out
27th Mar is Sat,
28th Mar is Sun,
29th Mar is NSE Holiday,
30th Mar is Mon (1),
31st Mar is Tues (2)
1st Apr is Wed (3) - Switch-in happens on T+3

Please clarify.


right… if settlement period is 3 days then switch will happen on april 1… because of upcoming 3 day holiday.

Thanks. Much appreciated