Description

BSE StAR MF platform activates SMART Switch feature for PGIM India Multi Asset Allocation Fund NFO, enabling automatic switches to various PGIM liquid and short-duration 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 enables automatic switching from the NFO to various PGIM India liquid and short-duration funds in both regular and direct plans with growth options.

Key Points

  • SMART Switch feature activated for PGIM India Multi Asset Allocation Fund NFO
  • Switch destinations include PGIM India Ultra Short Duration Fund, Money Market Fund, Overnight Fund, and Liquid Fund
  • Available for both Regular Plan and Direct Plan variants
  • All switches route to Growth option of respective funds
  • Subscription received schemes will be reported to AMC/RTA as corresponding target schemes

Switch Mapping Details

The SMART Switch feature maps subscriptions as follows:

Ultra Short Duration Fund:

  • Regular Plan - Growth and Direct Plan - Growth options available

Money Market Fund:

  • Regular Plan - Growth and Direct Plan - Growth options available

Overnight Fund:

  • Regular Plan - Growth and Direct Plan - Growth options available

Liquid Fund:

  • Regular Plan - Growth and Direct Plan - Growth options available

Compliance Requirements

  • AMC/RTA will receive transaction reporting for the destination schemes (target funds)
  • Subscription transactions will be processed according to the switch mapping provided

Important Dates

  • Notification Date: November 11, 2025
  • Feature Status: Active

Impact Assessment

This is an operational enhancement to the BSE StAR MF platform with minimal market impact. The SMART Switch feature provides flexibility for NFO investors by enabling automatic switches to various liquid and short-duration funds within the PGIM India family. This primarily affects investors subscribing to the PGIM India Multi Asset Allocation Fund NFO and does not have broader market implications.

Impact Justification

Operational notification for mutual fund platform feature activation with limited market-wide impact, primarily affects PGIM India fund subscribers