Description

BSE announces the activation of SMART Switch feature for AXIS GOLD AND SILVER PASSIVE FOF NFO, enabling automated switches from AXIS Overnight Fund to AXIS Multi-Asset Active FOF.

Summary

BSE has activated the SMART Switch feature for AXIS GOLD AND SILVER PASSIVE FOF (New Fund Offer) on the BSE StAR MF platform. This feature enables automatic switch transactions where subscriptions received in AXIS Overnight Fund under the SMART Switch category will be reported as switch-in transactions to AXIS Multi-Asset Active FOF for both Normal Growth and Direct Growth options.

Key Points

  • SMART Switch feature activated for AXIS GOLD AND SILVER PASSIVE FOF NFO
  • Two subscription schemes covered: Normal Growth and Direct Growth options
  • Subscriptions received in AXIS Overnight Fund (SMART Switch category) will be switched to AXIS Multi-Asset Active FOF
  • Feature applicable on BSE StAR MF platform
  • Automated transaction reporting mechanism for fund switches

Regulatory Changes

No regulatory changes introduced. This is an operational feature activation for a specific mutual fund product.

Compliance Requirements

  • Market participants and intermediaries using BSE StAR MF platform should note the SMART Switch reporting mechanism
  • Switch-in transactions to be reported under AXIS Multi-Asset Active FOF schemes
  • Proper mapping of subscription schemes to switch-in reporting schemes as per the specified table

Important Dates

  • Circular Date: December 9, 2025
  • Activation Date: Effective immediately upon circular issuance

Impact Assessment

Operational Impact: Limited to AXIS Mutual Fund investors participating in the NFO through the SMART Switch facility. This is a platform enhancement feature rather than a market-wide change.

Market Impact: Minimal - affects only specific AXIS fund schemes and investors opting for SMART Switch feature during the NFO period.

Investor Impact: Provides automated investment switching capability for investors, streamlining the process of moving from overnight fund to multi-asset FOF based on pre-defined triggers.

Impact Justification

Operational update for a specific mutual fund NFO feature activation on BSE platform with limited market-wide impact, relevant only to AXIS MF investors using SMART Switch facility.