Description
BSE announces activation of SMART Switch feature for BANDHAN Overnight Fund schemes under New Fund Offer on the BSE StAR MF platform.
Summary
BSE has activated the SMART Switch feature for BANDHAN Overnight Fund schemes under their New Fund Offer on the BSE StAR MF platform. This enables automated switching functionality for both Regular and Direct plans with Growth options of the BANDHAN Overnight Fund.
Key Points
- SMART Switch feature activated for BANDHAN Overnight Fund on BSE StAR MF platform
- Covers both Regular Plan and Direct Plan with Growth options
- Part of New Fund Offer schemes from BANDHAN Mutual Fund
- Feature enables automated switching between fund schemes
Regulatory Changes
No regulatory changes announced. This is an operational enhancement to the BSE StAR MF platform for existing mutual fund switching capabilities.
Compliance Requirements
- Mutual fund distributors and participants on BSE StAR MF platform should note the availability of SMART Switch feature for the specified BANDHAN Overnight Fund schemes
- No additional compliance requirements specified
Important Dates
- Activation Date: September 2, 2025 (based on circular date)
- No specific implementation deadlines mentioned
Impact Assessment
Minimal market impact. This is a platform feature enhancement that provides investors with automated switching capabilities for BANDHAN Overnight Fund schemes. The feature facilitates easier fund management but does not introduce any structural changes to the market or trading mechanisms.
Impact Justification
Routine operational update for mutual fund platform feature activation with minimal market impact