Description

BSE announces the activation of SMART Switch feature for Axis Income Plus Arbitrage Passive Fund of Fund NFO, enabling switch transactions from Axis Overnight Fund.

Summary

BSE has activated the SMART Switch feature for Axis Income Plus Arbitrage Passive Fund of Fund (FOF) New Fund Offer on the BSE StAR MF platform. This feature enables investors to switch investments from Axis Overnight Fund to the new Axis Income Plus Arbitrage Passive FOF scheme during the NFO period.

Key Points

  • SMART Switch feature activated for Axis Income Plus Arbitrage Passive FOF NFO
  • Two subscription schemes available: Normal Growth and Direct Growth variants
  • Switch transactions originate from Axis Overnight Fund
  • Switch-in transactions will be reported under respective Axis Income Plus Arbitrage Passive FOF schemes

Scheme Details

Subscription Received Schemes:

  1. Axis Income Plus Arbitrage Passive FOF - NFO SMART Switch - Axis Overnight Fund - Normal Growth
  2. Axis Income Plus Arbitrage Passive FOF - NFO SMART Switch - Axis Overnight Fund - Direct Growth

Switch-In Reporting Schemes:

  1. Axis Income Plus Arbitrage Passive FOF - Normal Growth
  2. Axis Income Plus Arbitrage Passive FOF - Direct Growth

Regulatory Changes

No regulatory changes announced. This is an operational feature activation on the BSE StAR MF platform.

Compliance Requirements

No specific compliance requirements for market participants. This is a platform feature available for investor transactions during the NFO period.

Important Dates

Circular Date: October 27, 2025 Feature Status: Activated

Impact Assessment

Minimal market impact. This is a technical enhancement to the BSE StAR MF platform that provides additional convenience for investors participating in the Axis Income Plus Arbitrage Passive FOF NFO. The SMART Switch feature facilitates seamless fund transfers from Axis Overnight Fund to the new FOF scheme, affecting only participants in these specific Axis Mutual Fund schemes.

Impact Justification

Operational notification for mutual fund platform feature activation affecting only specific Axis Mutual Fund schemes with no broader market impact