Description
BSE StAR MF platform activates AUTO SMART Switch facility for Bank of India Banking & Financial Services Fund NFO with automatic switching from liquid and overnight funds to the target fund.
Summary
BSE has activated the AUTO SMART Switch facility for Bank of India Banking & Financial Services Fund - New Fund Offer (NFO) on the BSE StAR MF platform. This facility allows automatic switching of investments from Bank of India Liquid Fund and Bank of India Overnight Fund into the Banking & Financial Services Fund for both Regular and Direct plan variants.
Key Points
- AUTO SMART Switch facility activated for Bank of India Banking & Financial Services Fund NFO
- Four subscription schemes configured with automatic switching capability
- Supports switching from two source funds: Bank of India Liquid Fund and Bank of India Overnight Fund
- Available for both Regular Plan - Growth and Direct Plan - Growth options
- Subscriptions received under auto-switch schemes will be reported to AMC/RTA as the target Banking & Financial Services Fund
Regulatory Changes
No regulatory changes. This is an operational activation notice.
Compliance Requirements
No specific compliance requirements for market participants. This is a platform configuration update.
Important Dates
- Effective Date: January 10, 2026
Impact Assessment
Minimal market impact. This is a technical configuration on the BSE StAR MF platform to enable automatic switching functionality for investors subscribing to the Bank of India Banking & Financial Services Fund NFO. The facility provides convenience for investors who wish to park funds temporarily in liquid or overnight funds before automatic transfer to the equity-oriented Banking & Financial Services Fund.
Subscription Scheme Details
| Source Fund (Auto Switch) | Target Fund (Reporting to AMC/RTA) |
|---|---|
| Bank of India Liquid Fund - Regular Plan - Growth | Bank of India Banking & Financial Services Fund - Regular Plan - Growth |
| Bank of India Liquid Fund - Direct Plan - Growth | Bank of India Banking & Financial Services Fund - Direct Plan - Growth |
| Bank of India Overnight Fund - Regular Plan - Growth | Bank of India Banking & Financial Services Fund - Regular Plan - Growth |
| Bank of India Overnight Fund - Direct Plan - Growth | Bank of India Banking & Financial Services Fund - Direct Plan - Growth |
Impact Justification
Operational notification for mutual fund platform configuration enabling auto-switch facility for a specific NFO. Limited to investors participating in this particular fund offering.