Description

BSE enables SMART switch feature for SBI Dynamic Asset Allocation Active FOF during NFO period from August 25 to September 4, 2025.

Summary

BSE has activated the SMART switch feature for SBI DYNAMIC ASSET ALLOCATION ACTIVE FOF during its NFO period on the BSE StAR MF platform, effective from August 25, 2025 until September 4, 2025. This feature allows investors to switch from SBI Overnight Fund into the new FOF scheme.

Key Points

  • SMART switch feature available through manual entry, web interface, APIs, and bulk upload options
  • Only applicable for SBI OVERNIGHT FUND (Regular Growth and Direct Growth options)
  • Switch maintains same plan type (Regular to Regular, Direct to Direct)
  • New schemes created in master for processing: SBI DYNAMIC ASSET ALLOCATION ACTIVE FOF - NFO SMART SWITCH variants
  • Purchase transactions processed as normal purchases and reported to RTA on transaction day
  • Automatic switch-in processing to target FOF scheme

Regulatory Changes

BSE has enabled new scheme codes in the system to facilitate the SMART switch process and established specific processing protocols for NFO switch transactions.

Compliance Requirements

  • Members using APIs/bulk upload must use proper scheme credentials based on investor requirements
  • Only lumpsum subscriptions allowed in Non-Demat mode
  • Switch transactions must be completed by 2:30 PM on September 4, 2025
  • All switch transactions to be reported to RTA on September 4, 2025
  • FIFO logic applies for switch-out transactions when investors have existing units

Important Dates

  • Effective Date: August 25, 2025
  • NFO Period End: September 4, 2025
  • Cut-off Time: 2:30 PM on September 4, 2025
  • Switch Reporting Date: September 4, 2025

Impact Assessment

This feature provides enhanced flexibility for mutual fund investors looking to participate in the new SBI Dynamic Asset Allocation Active FOF while maintaining their investment in overnight funds until the switch execution. The limited time window creates urgency for interested investors and members to utilize this facility.

Impact Justification

Platform feature enhancement for specific mutual fund scheme with limited time window