Description
BSE activates SMART Switch feature for Bandhan Gold ETF FOF NFO schemes with switch-in transactions from Bandhan Overnight Fund plans.
Summary
BSE has activated the SMART Switch feature for Bandhan Gold ETF Fund of Funds (FOF) New Fund Offer schemes on the BSE StAR MF platform. This facility allows investors subscribing to the Bandhan Gold ETF FOF NFO to automatically switch funds from Bandhan Overnight Fund (both Regular and Direct plans with Growth option).
Key Points
- SMART Switch feature activated for Bandhan Gold ETF FOF NFO schemes
- Two subscription schemes configured: one for Regular Plan and one for Direct Plan
- Both schemes enable switch-in transactions from Bandhan Overnight Fund Growth plans
- Feature operational on BSE StAR MF platform
Regulatory Changes
No regulatory changes introduced. This is an operational activation of an existing facility.
Compliance Requirements
No new compliance requirements for market participants. This is a platform feature activation.
Important Dates
- Effective Date: January 10, 2026
Impact Assessment
Minimal market impact. This circular facilitates investor convenience for specific Bandhan Mutual Fund NFO subscriptions by enabling automatic fund switches from overnight funds to the Gold ETF FOF. The feature affects only investors participating in the specific Bandhan schemes mentioned and does not impact broader market operations or other participants.
Scheme Details
| Sr. No. | Subscription Received Scheme | Switch In Transaction Reporting Scheme |
|---|---|---|
| 1 | BANDHAN GOLD ETF FOF - NFO SMART SWITCH - BANDHAN OVERNIGHT FUND REGULAR PLAN-GROWTH | BANDHAN GOLD ETF FOF |
| 2 | BANDHAN GOLD ETF FOF - NFO SMART SWITCH - BANDHAN OVERNIGHT FUND DIRECT PLAN-GROWTH | BANDHAN GOLD ETF FOF |
Impact Justification
Operational circular enabling a specific mutual fund feature for Bandhan MF schemes on BSE platform, limited to specific fund switches with minimal market-wide impact