Description
BSE activates SMART Switch facility for Invesco India Consumption Fund NFO, enabling automatic switches from Invesco India Liquid Fund and Overnight Fund to the new consumption fund.
Summary
BSE has activated the SMART Switch facility for INVESCO INDIA CONSUMPTION FUND - NFO on the BSE StAR MF platform. This facility enables investors to automatically switch their investments from Invesco India Liquid Fund and Invesco India Overnight Fund (both regular and direct plans) into the new Invesco India Consumption Fund.
Key Points
- SMART Switch facility activated for Invesco India Consumption Fund NFO
- Four switch routes available covering both regular and direct plans
- Source funds: Invesco India Liquid Fund and Invesco India Overnight Fund
- Target fund: Invesco India Consumption Fund (Growth option)
- Applicable to both Regular and Direct plan variants
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility.
Compliance Requirements
No specific compliance requirements. This is a platform feature activation for investor convenience.
Important Dates
- Activation Date: October 8, 2025
Impact Assessment
Minimal market impact. This affects only Invesco mutual fund investors who opt to use the SMART Switch facility during the NFO period. The facility provides automated switching convenience from liquid/overnight funds to the consumption fund, streamlining the investment process for participating investors.
Impact Justification
Operational notification for mutual fund platform feature activation affecting only Invesco fund investors using SMART Switch facility