Description
BSE activates SMART Switch facility for Bandhan Silver ETF FOF NFO scheme enabling automated switching from Bandhan Overnight Fund Direct Plan Growth.
Summary
BSE has activated the SMART Switch feature on its StAR MF platform for Bandhan Silver ETF Fund of Funds (FOF) New Fund Offer. This facility enables automatic switching from Bandhan Overnight Fund Direct Plan - Growth to the new NFO scheme. The subscription received under the NFO SMART Switch option will be reported to the AMC/RTA as transactions in Bandhan Overnight Fund Direct Plan - Growth.
Key Points
- SMART Switch feature activated for Bandhan Silver ETF FOF - NFO
- Source scheme: Bandhan Overnight Fund Direct Plan - Growth
- Target scheme: Bandhan Silver ETF FOF - NFO
- Transaction reporting will be done to AMC/RTA under the source scheme name
- Facility available on BSE StAR MF platform
Regulatory Changes
No regulatory changes introduced. This is an operational activation of an existing platform feature.
Compliance Requirements
No new compliance requirements. Market participants using the SMART Switch facility should ensure:
- Proper transaction reporting to AMC/RTA under the correct scheme name (Bandhan Overnight Fund Direct Plan - Growth)
- Accurate record-keeping of NFO subscriptions received through SMART Switch
Important Dates
- Activation Date: January 10, 2026
- No specific deadlines mentioned
Impact Assessment
Market Impact: Minimal. This affects only investors subscribing to Bandhan Silver ETF FOF NFO through the SMART Switch facility.
Operational Impact: Low. Enables automated switching functionality for a specific mutual fund NFO, streamlining the investment process for participating investors. The feature facilitates seamless transition from overnight fund holdings to the new ETF FOF scheme during the NFO period.
Impact Justification
Operational update for mutual fund platform feature activation affecting only Bandhan MF NFO subscribers; limited market-wide impact