Description

BSE activates SMART Switch facility for Union Consumption Fund NFO, enabling automatic switches from Union Overnight Fund to the new fund.

Summary

BSE has activated the SMART Switch facility for Union Consumption Fund - NFO on the BSE StAR MF platform. This facility allows investors to make automatic switch transactions from Union Overnight Fund (both Direct and Regular plans) to the Union Consumption Fund NFO (Regular and Direct plans respectively).

Key Points

  • SMART Switch facility activated for Union Consumption Fund NFO
  • Two switch routes available: Direct plan to Regular plan and Regular plan to Direct plan
  • Subscription received in Union Overnight Fund with switch-in reporting to Union Consumption Fund
  • Facility operational on BSE StAR MF platform

Regulatory Changes

No regulatory changes introduced. This is an operational activation of an existing facility.

Compliance Requirements

  • Distributors and investors using SMART Switch must ensure correct scheme selection
  • Switch-in transactions should be reported to appropriate Union Consumption Fund plan (Direct/Regular)

Important Dates

  • Circular Date: December 2, 2025
  • Facility Status: Now Active

Impact Assessment

Minimal market impact. This is a procedural activation affecting only Union Mutual Fund investors who wish to use the SMART Switch facility during the NFO period. The facility provides convenience for investors wanting to automatically switch from Union Overnight Fund to the new Union Consumption Fund.

Impact Justification

Operational circular for mutual fund NFO switch facility activation affecting only Union MF investors using SMART Switch feature