Description
BSE StAR MF platform activates SMART Switch facility for Bandhan Silver ETF FOF NFO from Bandhan Overnight Fund Direct Plan-Growth.
Summary
BSE has activated the SMART Switch feature for New Fund Offer (NFO) schemes of Bandhan Mutual Fund on the BSE StAR MF platform. This facility enables investors to switch investments from Bandhan Overnight Fund Direct Plan-Growth to Bandhan Silver ETF FOF - NFO.
Key Points
- SMART Switch feature activated for Bandhan Silver ETF FOF NFO schemes
- Source scheme: Bandhan Overnight Fund Direct Plan-Growth
- Target scheme: Bandhan Silver ETF FOF - NFO SMART Switch
- Platform: BSE StAR MF (Stock Exchange Platform for Mutual Funds)
- Transaction reporting to AMC/RTA will be done under Bandhan Overnight Fund Direct Plan-Growth
Regulatory Changes
No regulatory changes introduced. This is an operational activation of an existing facility.
Compliance Requirements
- Member entities should be aware of the SMART Switch facility availability
- Transactions should be properly reported to AMC/RTA as specified
- Subscriptions received under the NFO SMART Switch scheme will be reported under the source scheme (Bandhan Overnight Fund Direct Plan-Growth)
Important Dates
- Effective Date: January 10, 2026
Impact Assessment
Limited impact restricted to Bandhan Mutual Fund investors who wish to utilize the SMART Switch facility during the NFO period. This is a convenience feature for investors looking to switch from overnight fund to Silver ETF Fund of Fund. No market-wide implications.
Impact Justification
Operational notification about activation of a switch facility for specific mutual fund schemes. Limited to Bandhan MF investors using SMART Switch feature on BSE StAR MF platform.