Description
BSE activates AUTO SMART Switch facility for Bank of India Banking & Financial Services Fund NFO, enabling automatic switches from liquid and overnight funds to the NFO scheme.
Summary
BSE has activated the AUTO SMART Switch facility for the Bank of India Banking & Financial Services Fund - NFO on its StAR MF platform. This facility allows investors to subscribe to the NFO through automatic switches from Bank of India Liquid Fund or Bank of India Overnight Fund, with subscriptions automatically routed to the target NFO scheme for both regular and direct plans.
Key Points
- AUTO SMART Switch facility activated for Bank of India Banking & Financial Services Fund NFO
- Four subscription routes available: two from Liquid Fund (regular/direct) and two from Overnight Fund (regular/direct)
- Subscriptions received through AUTO SMART Switch schemes will be reported to AMC/RTA under the main NFO scheme (regular or direct plan growth options)
- Available on BSE StAR MF platform
- Facilitates systematic investment during NFO period
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility on the BSE StAR MF platform.
Compliance Requirements
No specific compliance requirements for market participants. This is an informational circular about platform functionality.
Important Dates
- Effective Date: January 10, 2026 (circular issue date)
Impact Assessment
Minimal market impact. This is a technical/operational enhancement for mutual fund distribution that provides investors with additional convenience during the NFO subscription period. The AUTO SMART Switch facility allows for smoother transitions from liquid/overnight funds into the equity-oriented NFO scheme, potentially improving investor experience but having no direct impact on stock market operations or listed securities.
Subscription Scheme Mapping
| Source Scheme | Target Reporting Scheme |
|---|---|
| Bank of India Banking & Financial Services Fund - NFO AUTO SWITCH - Bank of India Liquid Fund - Regular Plan - Growth | Bank of India Banking & Financial Services Fund - Regular Plan - Growth |
| Bank of India Banking & Financial Services Fund - NFO AUTO SWITCH - Bank of India Liquid Fund - Direct Plan - Growth | Bank of India Banking & Financial Services Fund - Direct Plan - Growth |
| Bank of India Banking & Financial Services Fund - NFO AUTO SWITCH - Bank of India Overnight Fund - Regular Plan - Growth | Bank of India Banking & Financial Services Fund - Regular Plan - Growth |
| Bank of India Banking & Financial Services Fund - NFO AUTO SWITCH - 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 feature activation affecting only Bank of India mutual fund schemes during NFO period