Description

BSE enables SMART switch feature for SBI Dynamic Asset Allocation Active FOF NFO from August 25 to September 04, 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 04, 2025. This feature allows investors to switch from SBI Overnight Fund into 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 plans)
  • Switch processing maintains plan type (Regular to Regular, Direct to Direct)
  • Feature limited to lumpsum subscriptions in Non-Demat mode only
  • New scheme codes created specifically for NFO Smart Switch transactions
  • All purchase orders automatically considered for switch-in to the NFO scheme

Regulatory Changes

New scheme master entries created:

  • 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 platforms
  • Purchase transactions reported to RTA on transaction day subject to fund confirmation
  • Switch transactions reported to RTA on September 04, 2025
  • Switch-out processing follows FIFO logic for existing unitholders making additional purchases

Important Dates

  • August 25, 2025: SMART Switch feature activation
  • September 04, 2025: Last date for transactions (cut-off 2:30 PM)
  • September 04, 2025: Switch transactions reporting to RTA

Impact Assessment

Medium impact on mutual fund trading operations. Affects investors interested in the SBI Dynamic Asset Allocation Active FOF NFO who hold units in SBI Overnight Fund. The feature provides convenient switching mechanism during the limited NFO period but requires specific operational procedures and system configurations.

Impact Justification

New trading feature for specific mutual fund NFO with limited duration impact