Description
BSE announces the activation of SMART Switch feature for AXIS MULTI-ASSET ACTIVE FOF NFO, enabling automated switches to AXIS Overnight Fund growth options.
Summary
BSE has activated the SMART Switch feature for AXIS MULTI-ASSET ACTIVE FOF (New Fund Offer) on the BSE StAR MF platform. This feature enables automated switching of subscriptions from the NFO to AXIS Overnight Fund in both Normal Growth and Direct Growth options. The circular details the mapping between subscription schemes and transaction reporting schemes.
Key Points
- SMART Switch feature activated for AXIS MULTI-ASSET ACTIVE FOF NFO
- Two switch options available: Normal Growth and Direct Growth
- Subscriptions received in NFO SMART Switch schemes will be reported to AMC/RTA as AXIS Overnight Fund transactions
- Facility available on BSE StAR MF platform
Regulatory Changes
No regulatory changes. This is an operational notification regarding platform feature activation.
Compliance Requirements
- Market participants and intermediaries should note the scheme mapping for transaction reporting
- Subscriptions under AXIS MULTI-ASSET ACTIVE FOF NFO SMART SWITCH schemes should be reported to AMC/RTA under corresponding AXIS Overnight Fund schemes
Important Dates
- Circular Date: November 20, 2025
- Feature activation effective from circular date
Impact Assessment
Minimal market impact. This is a platform functionality enhancement specific to AXIS Mutual Fund’s NFO product. It provides investors with an automated switch option from the multi-asset fund of funds to overnight fund schemes. The impact is limited to subscribers of this specific NFO who opt for the SMART Switch feature. No impact on secondary market operations or broader market participants.
Impact Justification
Operational notification for mutual fund platform feature activation affecting only specific NFO subscribers using SMART Switch facility