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, to September 4, 2025. This feature allows investors to switch from SBI Overnight Fund to the new NFO scheme.

Key Points

  • SMART Switch feature available through manual entry, web interface, APIs, and bulk upload options
  • Only available for SBI Overnight Fund (Regular Growth and Direct Growth options)
  • Feature limited to lumpsum subscriptions in Non-Demat mode only
  • Switch transactions automatically processed on September 4, 2025
  • FIFO logic applied for investors with existing units in eligible schemes

Regulatory Changes

New scheme codes enabled in scheme master:

  • SBI Dynamic Asset Allocation Active FOF - NFO Smart Switch - SBI Overnight Fund - Regular Growth
  • SBI Dynamic Asset Allocation Active FOF - NFO Smart Switch - SBI Overnight Fund - Direct Growth

Compliance Requirements

  • Members must use proper scheme credentials for API/bulk upload transactions
  • Purchase transactions reported to RTA on transaction day subject to fund confirmation
  • Switch transactions reported to RTA on September 4, 2025
  • Orders identifiable through Remarks column in BSE StAR MF platform reports

Important Dates

  • Feature activation: August 25, 2025
  • Transaction cutoff: 2:30 PM on September 4, 2025
  • NFO period end: September 4, 2025
  • Switch transaction reporting: September 4, 2025

Impact Assessment

This feature provides enhanced convenience for investors looking to participate in the SBI Dynamic Asset Allocation Active FOF NFO while maintaining their existing overnight fund positions. The automated switch mechanism streamlines the investment process and ensures proper transaction reporting to regulatory authorities.

Impact Justification

New feature activation for specific mutual fund NFO with defined operational procedures