Description

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

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 investors who subscribed to Union Consumption Fund NFO through Union Overnight Fund to have their switch-in transactions reported to the appropriate plan (Regular or Direct) based on their original subscription.

Key Points

  • SMART Switch facility activated for Union Consumption Fund NFO
  • Two subscription routes configured:
    • Subscriptions via Union Overnight Fund - Direct Plan - Growth will switch to Union Consumption Fund - Regular Plan - Growth
    • Subscriptions via Union Overnight Fund - Regular Plan - Growth will switch to Union Consumption Fund - Direct Plan - Growth
  • Facility operational on BSE StAR MF platform

Regulatory Changes

No regulatory changes. This is an operational facility activation.

Compliance Requirements

No specific compliance requirements for market participants. This is a platform facility configuration for mutual fund transactions.

Important Dates

  • Effective Date: December 2, 2025

Impact Assessment

Limited impact restricted to investors participating in Union Consumption Fund NFO who opted for SMART Switch facility from Union Overnight Fund. The facility ensures seamless switching between plans while maintaining investor plan preferences (Direct/Regular).

Impact Justification

Operational notification for mutual fund platform facility activation affecting specific Union MF schemes only