Description
BSE StAR MF platform activates SMART Switch feature for Bandhan Silver ETF FOF NFO schemes switching to Bandhan Overnight Fund Direct Plan-Growth.
Summary
BSE has activated the SMART Switch feature on the BSE StAR MF platform for New Fund Offer (NFO) schemes of Bandhan Mutual Fund. This feature enables investors subscribing to Bandhan Silver ETF FOF NFO to automatically switch funds to Bandhan Overnight Fund Direct Plan-Growth.
Key Points
- SMART Switch feature activated for Bandhan Silver ETF FOF NFO schemes
- Subscription received in NFO scheme will be reported to AMC/RTA under Bandhan Overnight Fund Direct Plan-Growth
- Feature applies to both listed subscription schemes
- Transaction reporting scheme remains consistent as Bandhan Overnight Fund Direct Plan-Growth
Regulatory Changes
No regulatory changes. This is an operational feature activation on the BSE StAR MF platform.
Compliance Requirements
- AMC/RTA to process transactions under the designated switch scheme (Bandhan Overnight Fund Direct Plan-Growth)
- Market participants to note the transaction reporting mechanism for these NFO schemes
Important Dates
- Effective Date: January 10, 2026
Impact Assessment
Limited impact affecting only investors in Bandhan Silver ETF FOF NFO schemes. The SMART Switch feature provides automated fund switching functionality, streamlining the investment process for these specific mutual fund schemes on the BSE platform.
Impact Justification
Operational notification for mutual fund platform feature activation affecting specific NFO schemes only