Activation of SMART Switch Facility under INVESCO INDIA CONSUMPTION FUND - NFO on BSE StAR MF platform

Description

BSE activates SMART Switch facility for Invesco India Consumption Fund NFO, enabling automated switches from Invesco Liquid and Overnight Funds.

Summary

BSE has activated the SMART Switch facility for the Invesco India Consumption Fund NFO on the BSE StAR MF platform. This facility allows investors to subscribe to the NFO through automated switches from Invesco India Liquid Fund and Invesco India Overnight Fund, with subscriptions being reported to the AMC/RTA under the corresponding growth plan of the Invesco India Consumption Fund.

Key Points

• SMART Switch facility activated for Invesco India Consumption Fund NFO
• Four switch routes configured: from Liquid Fund and Overnight Fund (both Regular and Direct plans)
• All switches directed to Growth plan variants of the Consumption Fund
• Subscriptions received through SMART Switch will be reported to AMC/RTA under the target scheme’s Growth plan
• Facility available on BSE StAR MF platform

Regulatory Changes

No regulatory changes. This is an operational facility activation.

Compliance Requirements

No specific compliance requirements for market participants. This is an operational configuration for the mutual fund subscription process.

Important Dates

• Circular Date: October 8, 2025
• Effective Date: Upon activation (October 8, 2025)

Impact Assessment

Limited impact confined to investors of Invesco mutual fund schemes. The facility provides convenience for existing Invesco Liquid Fund and Overnight Fund investors to participate in the Consumption Fund NFO through automated switches. No impact on broader market operations or other participants.

SMART Switch Configuration

Impact Justification

Operational facility activation for mutual fund subscription process; affects only investors in specific Invesco schemes