Description
BSE activates SMART Switch facility for INVESCO INDIA CONSUMPTION FUND NFO, allowing automatic switches from liquid and overnight funds to the 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 automatic switching from INVESCO INDIA LIQUID FUND and INVESCO INDIA OVERNIGHT FUND (both regular and direct plans) to the corresponding growth plans of INVESCO INDIA CONSUMPTION FUND.
Key Points
- SMART Switch facility activated for INVESCO INDIA CONSUMPTION FUND NFO
- Four subscription schemes mapped to respective transaction reporting schemes
- Covers both Direct and Regular plans with Growth option
- Source funds: INVESCO INDIA LIQUID FUND and INVESCO INDIA OVERNIGHT FUND
- Destination fund: INVESCO INDIA CONSUMPTION FUND (Growth variants)
Scheme Mapping Details
| Subscription Received Scheme | Transaction 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 |
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility on the BSE StAR MF platform.
Compliance Requirements
No specific compliance requirements for market participants. This is a platform feature activation for mutual fund subscriptions.
Important Dates
- Circular Date: October 8, 2025
- Facility Activation: Effective immediately
Impact Assessment
Minimal market impact. This circular is purely informational regarding the activation of a mutual fund subscription facility. It affects only investors subscribing to INVESCO INDIA CONSUMPTION FUND NFO through the SMART Switch route on BSE StAR MF platform. The facility provides convenience for investors to automatically switch from liquid/overnight funds to the consumption fund during the NFO period.
Impact Justification
Operational notification for mutual fund platform feature activation affecting only INVESCO fund subscribers