Description
BSE announces activation of SMART Switch feature for Bandhan Overnight Fund schemes on the BSE StAR MF trading platform.
Summary
BSE has announced the activation of the SMART Switch feature for new fund offer (NFO) schemes of Bandhan Mutual Fund on the BSE StAR MF platform. The feature is being activated for Bandhan Overnight Fund across both Regular and Direct plans with Growth options.
Key Points
- SMART Switch feature activated for Bandhan Overnight Fund schemes
- Covers both Regular Plan and Direct Plan variants
- Available for Growth option in both plan types
- Feature enables automated switching between mutual fund schemes
- Applicable on BSE StAR MF trading platform
Regulatory Changes
No regulatory changes announced. This is an operational update for enabling trading features on existing mutual fund schemes.
Compliance Requirements
- Mutual fund distributors and trading members need to update their systems to reflect the availability of SMART Switch feature
- Ensure proper mapping of the eligible schemes in trading systems
Important Dates
- Effective Date: September 2, 2025 (based on circular date)
Impact Assessment
Minimal market impact. This is a routine operational enhancement that provides additional flexibility for investors to switch between mutual fund schemes. The feature activation facilitates easier portfolio management for investors holding Bandhan Overnight Fund units.
Impact Justification
Routine operational update for mutual fund trading platform feature activation