Description
BSE announces the activation of SMART Switch facility for Axis Multi-Asset Active Fund of Funds (FOF) NFO, enabling switches to Axis Overnight Fund.
Summary
BSE has activated the SMART Switch feature for the Axis Multi-Asset Active Fund of Funds (FOF) New Fund Offer (NFO) on the BSE StAR MF platform. This facility allows investors to switch their investments from the Axis Multi-Asset Active FOF to Axis Overnight Fund in both Normal and Direct Growth options.
Key Points
- SMART Switch feature activated for Axis Multi-Asset Active FOF – NFO
- Two switch options available: Normal Growth and Direct Growth plans
- Switches are routed to Axis Overnight Fund
- Facility available on BSE StAR MF platform
- Subscriptions received under NFO SMART Switch schemes will be reported to AMC/RTA as transactions in Axis Overnight Fund
Switch Mapping Details
| Subscription Scheme | Target Scheme |
|---|---|
| AXIS MULTI-ASSET ACTIVE FOF - NFO SMART SWITCH - AXIS OVERNIGHT FUND - NORMAL GROWTH | AXIS OVERNIGHT FUND - NORMAL GROWTH |
| AXIS MULTI-ASSET ACTIVE FOF - NFO SMART SWITCH - AXIS OVERNIGHT FUND - DIRECT GROWTH | AXIS OVERNIGHT FUND - DIRECT GROWTH |
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility.
Compliance Requirements
- Transaction reporting to AMC/RTA will be done under the target scheme (Axis Overnight Fund)
- Members and participants should note the scheme mapping for transaction processing
Important Dates
- Activation Date: November 20, 2025
Impact Assessment
This is a routine operational notification with minimal market impact. It provides enhanced flexibility for investors in the Axis Multi-Asset Active FOF NFO by enabling them to switch to the Axis Overnight Fund through the BSE StAR MF platform. The impact is limited to investors participating in this specific NFO and using the SMART Switch facility.
Impact Justification
Operational notification about activation of a mutual fund switch facility for a specific NFO. Limited to mutual fund investors using BSE StAR MF platform for this particular scheme.