Description

BSE activates SMART Switch facility for Bajaj Finserv Banking and Financial Services Fund NFO, enabling switches to Overnight Fund and Liquid Fund schemes.

Summary

BSE has activated the SMART Switch facility for the Bajaj Finserv Banking and Financial Services Fund - NFO on the BSE StAR MF platform. This facility allows investors to switch their investments from the NFO to either Bajaj Finserv Overnight Fund or Bajaj Finserv Liquid Fund, available in both Regular and Direct plan growth options.

Key Points

  • SMART Switch facility activated for Bajaj Finserv Banking and Financial Services Fund NFO
  • Four switch options available: two to Overnight Fund (Regular and Direct) and two to Liquid Fund (Regular and Direct)
  • All options are for Growth plans only
  • Transaction reporting to AMC/RTA will be done under the respective target scheme names
  • Facility available on BSE StAR MF platform

Regulatory Changes

No regulatory changes. This is an operational activation of an existing facility.

Compliance Requirements

  • Subscriptions received under SMART Switch schemes must be reported to AMC/RTA under the corresponding target scheme names
  • Regular Plan Growth subscriptions to be reported to Bajaj Finserv Overnight Fund - Regular Plan Growth or Bajaj Finserv Liquid Fund - Regular Plan Growth
  • Direct Plan Growth subscriptions to be reported to Bajaj Finserv Overnight Fund - Direct Plan Growth or Bajaj Finserv Liquid Fund - Direct Plan Growth

Important Dates

  • Circular Date: November 7, 2025
  • Effective Date: Immediate (facility is now active)

Impact Assessment

Limited impact confined to participants in the Bajaj Finserv Banking and Financial Services Fund NFO. The SMART Switch facility provides investors with flexibility to move their NFO investments into liquid or overnight funds, which are typically lower-risk, high-liquidity options. This is a standard operational feature for mutual fund platforms and does not affect broader market operations or trading activities.

Impact Justification

Operational update for mutual fund distribution platform enabling switch facility for a specific NFO, affecting only participants in this particular fund offering