Description
BSE activates SMART Switch facility for Bajaj Finserv Banking and Financial Services Fund NFO, enabling automated switches to Bajaj Finserv Overnight Fund and Liquid Fund in both Regular and Direct plan variants.
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 automated switching from the NFO to designated schemes of Bajaj Finserv Mutual Fund, specifically the Overnight Fund and Liquid Fund in both Regular and Direct plan variants with Growth options.
Key Points
- SMART Switch facility activated for Bajaj Finserv Banking and Financial Services Fund NFO
- Four switch combinations available linking to Bajaj Finserv Overnight Fund and Liquid Fund
- Covers both Regular Plan Growth and Direct Plan Growth options for each target scheme
- Subscriptions received in the NFO SMART Switch will be reported to the AMC/RTA under the respective target scheme names
- Facility operational on BSE StAR MF platform
Regulatory Changes
No regulatory changes. This is an operational facility activation.
Compliance Requirements
No specific compliance requirements for market participants. The circular provides operational details for transaction processing and reporting to AMC/RTA.
Important Dates
Circular Date: November 7, 2025 Effective Date: Facility is now active
Impact Assessment
Limited impact restricted to investors participating in the Bajaj Finserv Banking and Financial Services Fund NFO. The SMART Switch facility provides automated portfolio management functionality, allowing seamless transition from the NFO to liquid investment options (Overnight Fund and Liquid Fund). This enhances investor convenience and operational efficiency for this specific mutual fund scheme.
Available Switch Options
| Sr. No. | Subscription Received Scheme | Transaction Reporting Scheme |
|---|---|---|
| 1 | Bajaj Finserv Banking and Financial Services Fund - NFO SMART SWITCH - BAJAJ FINSERV OVERNIGHT FUND - REGULAR PLAN GROWTH | BAJAJ FINSERV OVERNIGHT FUND - REGULAR PLAN GROWTH |
| 2 | Bajaj Finserv Banking and Financial Services Fund - NFO SMART SWITCH - BAJAJ FINSERV OVERNIGHT FUND - DIRECT PLAN GROWTH | BAJAJ FINSERV OVERNIGHT FUND - DIRECT PLAN GROWTH |
| 5 | Bajaj Finserv Banking and Financial Services Fund - NFO SMART SWITCH - BAJAJ FINSERV LIQUID FUND - REGULAR PLAN GROWTH | BAJAJ FINSERV LIQUID FUND - REGULAR PLAN GROWTH |
| 6 | Bajaj Finserv Banking and Financial Services Fund - NFO SMART SWITCH - BAJAJ FINSERV LIQUID FUND - DIRECT PLAN GROWTH | BAJAJ FINSERV LIQUID FUND - DIRECT PLAN GROWTH |
Impact Justification
Operational facility activation for a specific NFO with limited market-wide impact, relevant primarily to investors in this particular scheme