Description
BSE activates SMART Switch facility for Invesco India Consumption Fund NFO, enabling automated switches from Invesco liquid and overnight funds to the new consumption fund.
Summary
BSE has activated the SMART Switch facility for the Invesco India Consumption Fund New Fund Offer (NFO) on the BSE StAR MF platform. This facility enables investors to set up automated switches from Invesco’s liquid and overnight funds into the new consumption fund across both regular and direct plan growth options.
Key Points
- SMART Switch facility now operational for Invesco India Consumption Fund NFO
- Four switch routes activated from source schemes to target schemes
- Covers switches from Invesco India Liquid Fund (Growth and Direct Plan Growth)
- Covers switches from Invesco India Overnight Fund (Regular Growth and Direct Growth)
- All switches route to corresponding growth plans of the Invesco India Consumption Fund
- Transaction reporting will be done to AMC/RTA under the consumption fund scheme names
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility for a new fund offering.
Compliance Requirements
- AMC/RTA to receive transaction reports under the target scheme names (Invesco India Consumption Fund variants)
- Subscriptions received under NFO SMART Switch schemes to be properly mapped to consumption fund growth plans
Important Dates
- Effective Date: October 8, 2025
Impact Assessment
Minimal market impact. This is a platform-level operational enablement for a specific mutual fund product. The activation facilitates investor convenience for those wishing to participate in the Invesco India Consumption Fund NFO through automated switches from existing Invesco money market funds. Impact is limited to Invesco mutual fund investors using the BSE StAR MF platform.
SMART Switch Mapping Details
| Subscription Scheme | Target Reporting Scheme |
|---|---|
| INVESCO INDIA CONSUMPTION FUND - NFO SMART SWITCH - INVESCO INDIA LIQUID FUND - GROWTH | INVESCO INDIA CONSUMPTION FUND - GROWTH |
| INVESCO INDIA CONSUMPTION FUND - NFO SMART SWITCH - INVESCO INDIA LIQUID FUND - DIRECT PLAN GROWTH | INVESCO INDIA CONSUMPTION FUND - DIRECT PLAN GROWTH |
| INVESCO INDIA CONSUMPTION FUND - NFO SMART SWITCH - INVESCO INDIA OVERNIGHT FUND - DIRECT-GROWTH | INVESCO INDIA CONSUMPTION FUND - DIRECT-GROWTH |
| INVESCO INDIA CONSUMPTION FUND - NFO SMART SWITCH - INVESCO INDIA OVERNIGHT FUND - REGULAR -GROWTH | INVESCO INDIA CONSUMPTION FUND - REGULAR -GROWTH |
Impact Justification
Operational notification for mutual fund platform feature activation. Limited to specific Invesco fund products with no broader market impact.