Description

BSE activates SMART Switch feature for HELIOS SMALL CAP FUND NFO, enabling automatic switching from HELIOS OVERNIGHT FUND to the new fund offering.

Summary

BSE has activated the SMART Switch feature for HELIOS SMALL CAP FUND – NFO on the BSE StAR MF platform. This feature allows investors to automatically switch investments from HELIOS OVERNIGHT FUND (both Direct and Regular plans) to the new HELIOS SMALL CAP FUND NFO. The circular provides the mapping between subscription schemes and transaction reporting schemes.

Key Points

  • SMART Switch feature activated for HELIOS SMALL CAP FUND NFO
  • Two switch options available: Direct Plan and Regular Plan
  • Source fund: HELIOS OVERNIGHT FUND (Growth option)
  • Destination fund: HELIOS SMALL CAP FUND – NFO
  • Transaction reporting to be done to AMC/RTA under respective HELIOS OVERNIGHT FUND schemes

Scheme Mapping Details

Direct Plan:

  • Subscription Scheme: HELIOS SMALL CAP FUND - NFO SMART SWITCH - HELIOS OVERNIGHT FUND-DIRECT PLAN-GROWTH
  • Transaction Reporting Scheme: HELIOS OVERNIGHT FUND-DIRECT PLAN-GROWTH

Regular Plan:

  • Subscription Scheme: HELIOS SMALL CAP FUND - NFO SMART SWITCH - HELIOS OVERNIGHT FUND-REGULAR PLAN-GROWTH
  • Transaction Reporting Scheme: HELIOS OVERNIGHT FUND-REGULAR PLAN-GROWTH

Regulatory Changes

No regulatory changes. This is an operational activation of an existing platform feature.

Compliance Requirements

  • Brokers and distributors should update their systems to recognize the SMART Switch scheme codes
  • Transaction reporting to AMC/RTA must be done under the correct source scheme (HELIOS OVERNIGHT FUND)
  • Proper mapping must be maintained between subscription and reporting schemes

Important Dates

  • Effective Date: November 6, 2025 (circular issuance date)
  • NFO period dates not specified in this circular

Impact Assessment

Market Impact: Negligible. This is a facility enhancement specific to one mutual fund house’s NFO.

Operational Impact: Low. Affects only BSE StAR MF platform participants dealing with HELIOS Mutual Fund schemes. The SMART Switch feature provides convenience to investors who want to automatically switch from liquid/overnight funds to the new small cap fund NFO.

Investor Impact: Positive for HELIOS fund investors, providing automated switching convenience during the NFO period.

Impact Justification

Routine operational circular enabling a new feature for a specific mutual fund NFO. Limited to investors interested in HELIOS SMALL CAP FUND and affects only subscription routing mechanism.