Description
BSE StAR MF platform activates SMART Switch feature for PGIM India Multi Asset Allocation Fund NFO, enabling switches to PGIM India Ultra Short Duration, Money Market, Overnight, and Liquid Funds.
Summary
BSE has activated the SMART Switch feature for PGIM India Multi Asset Allocation Fund - NFO on the BSE StAR MF platform. This feature allows investors to switch from the NFO to four different PGIM India schemes: Ultra Short Duration Fund, Money Market Fund, Overnight Fund, and Liquid Fund, available in both Regular and Direct plans with Growth options.
Key Points
- SMART Switch feature activated for PGIM India Multi Asset Allocation Fund - NFO
- Switch options available to four PGIM India schemes
- Both Regular Plan and Direct Plan variants supported
- All switch options are for Growth plans
- Transaction reporting will be made to the respective target scheme codes
Switch Options Available
Target Schemes:
- PGIM India Ultra Short Duration Fund (Regular & Direct Plan - Growth)
- PGIM India Money Market Fund (Regular & Direct Plan - Growth)
- PGIM India Overnight Fund (Regular & Direct Plan - Growth)
- PGIM India Liquid Fund (Regular & Direct Plan - Growth)
Transaction Processing
Subscriptions received under the NFO SMART Switch schemes will be reported to the AMC/RTA under the corresponding target fund scheme codes as listed in the circular.
Impact Assessment
This is an operational enhancement to BSE’s mutual fund platform providing investors in the PGIM India Multi Asset Allocation Fund NFO with additional flexibility to switch their investments to liquid and short-duration debt funds within the PGIM India fund family. The impact is limited to investors of this specific NFO and does not affect broader market operations or trading activities.
Impact Justification
Operational notification about activation of a fund switching feature on BSE's mutual fund platform, affecting only PGIM India fund investors who wish to use the SMART Switch facility.