Mutual fund industry shifts to a T+2 payment cycle for equity funds Mutual fund industry shifts to a T+2 payment cycle for equity funds In conjunction with the T+1 settlement cycle for equity markets, the mutual fund industry transits to a T+2 payment cycle for equity funds. Continue reading to learn more. Henil Shah / Friday, January 27, 2023 / Article rating: 5.0 The settlement cycle of equity markets is now T+1, while in line with this equity MFs also shifted to T+2. Click to learn more.