Description

BSE activates SMART Switch feature for 360 ONE Mutual Fund's new Multi Asset Allocation Fund offering on the StAR MF platform.

Summary

BSE has activated the SMART Switch feature for 360 ONE Mutual Fund’s Multi Asset Allocation Fund New Fund Offer (NFO) on the BSE StAR MF platform. This feature enables investors to switch from liquid/overnight funds to the new Multi Asset Allocation Fund.

Key Points

  • SMART Switch feature activated for 360 ONE Multi Asset Allocation Fund NFO
  • Available for both Direct and Regular plans with Growth option
  • Switch facility from 360 ONE Liquid Fund and 360 ONE Overnight Fund
  • Four different subscription schemes mapped to corresponding switch-in reporting schemes

Regulatory Changes

No regulatory changes introduced. This is an operational enhancement to existing mutual fund platform capabilities.

Compliance Requirements

  • Fund houses and distributors to ensure proper mapping of subscription schemes to switch-in reporting schemes
  • Compliance with existing mutual fund transaction reporting requirements

Important Dates

Effective Date: August 1, 2025 (circular date)

Impact Assessment

Limited operational impact focused on enhancing investor convenience for 360 ONE Mutual Fund’s NFO. The SMART Switch feature provides seamless transition from liquid/overnight funds to the new Multi Asset Allocation Fund, improving the investment experience for subscribers of this specific NFO.

Impact Justification

Operational enhancement for specific mutual fund NFO with limited market-wide impact