Description
BSE announces activation of SMART Switch facility for UNION CONSUMPTION FUND NFO, enabling automatic switches from UNION OVERNIGHT FUND to the new consumption fund for both direct and regular plans.
Summary
BSE has activated the SMART Switch facility for UNION CONSUMPTION FUND New Fund Offer (NFO) on the BSE StAR MF platform. This facility enables automatic switching of subscriptions received in UNION OVERNIGHT FUND into UNION CONSUMPTION FUND for both Direct and Regular growth plans.
Key Points
- SMART Switch facility activated for UNION CONSUMPTION FUND NFO
- Two switch configurations established:
- UNION OVERNIGHT FUND Direct Plan Growth → UNION CONSUMPTION FUND Regular Plan Growth
- UNION OVERNIGHT FUND Regular Plan Growth → UNION CONSUMPTION FUND Direct Plan Growth
- Applies to subscriptions received through BSE StAR MF platform
- Both direct and regular plan growth options covered
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility for a specific mutual fund NFO.
Compliance Requirements
No specific compliance requirements for market participants. This is a platform configuration update managed by BSE and Union Mutual Fund.
Important Dates
- Circular Date: December 2, 2025
- Effective Date: Immediate (facility activated)
Impact Assessment
Minimal market impact. This operational update affects only investors who subscribed to UNION CONSUMPTION FUND NFO through the SMART Switch facility via UNION OVERNIGHT FUND. The facility automates the switching process for NFO subscriptions, providing operational convenience for specific fund subscribers without broader market implications.
Impact Justification
Operational update for specific mutual fund NFO switch facility with limited market-wide impact, affecting only subscribers of UNION CONSUMPTION FUND NFO