Description
BSE announces the activation of SMART Switch facility for Bajaj Finserv Banking and Financial Services Fund NFO, enabling switches from Bajaj Finserv 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 Bajaj Finserv Overnight Fund and Bajaj Finserv Liquid Fund (both Regular and Direct plans) into the new fund offering.
Key Points
- SMART Switch facility activated for Bajaj Finserv Banking and Financial Services Fund NFO
- Four eligible source schemes identified for switching:
- Bajaj Finserv Overnight Fund (Regular Plan Growth and Direct Plan Growth)
- Bajaj Finserv Liquid Fund (Regular Plan Growth and Direct Plan Growth)
- Subscriptions received through SMART Switch will be reported to AMC/RTA under the respective source scheme names
- Facility operational on BSE StAR MF platform
Regulatory Changes
No regulatory changes. This is an operational facility activation.
Compliance Requirements
- Transaction reporting to be done using the specified scheme names when subscriptions are received through SMART Switch
- AMCs and RTAs must recognize the mapping between subscription received schemes and transaction reporting schemes as outlined in the circular
Important Dates
- Circular Date: November 7, 2025
- Effective Date: Immediate (upon circular issuance)
Impact Assessment
Limited impact confined to investors and distributors dealing with Bajaj Finserv mutual fund schemes. The SMART Switch facility provides operational convenience for investors wanting to switch from liquid/overnight funds to the Banking and Financial Services Fund NFO. No market-wide implications or impact on equity securities.
Impact Justification
Operational notification for mutual fund platform feature activation affecting only specific NFO subscribers