Description
BSE announces activation of SMART Switch feature for AXIS Overnight Fund schemes on the StAR MF platform.
Summary
BSE has activated the SMART Switch feature for two AXIS Overnight Fund schemes on the BSE StAR MF platform. This enables investors to use the systematic transfer plan facility between the specified schemes.
Key Points
- SMART Switch feature activated for AXIS Overnight Fund schemes
- Two schemes covered: Regular Plan - Growth and Direct Plan - Growth
- Feature available on BSE StAR MF platform
- Related to AXIS BSE India Sector Leaders Index Fund NFO
Regulatory Changes
No regulatory changes. This is a platform feature enhancement.
Compliance Requirements
No specific compliance requirements for market participants. This is an operational update for the mutual fund platform.
Important Dates
- Effective Date: January 22, 2026
Impact Assessment
Minimal market impact. This is a routine platform feature activation that enhances investor convenience for systematic transfer plans between AXIS Overnight Fund schemes. The feature primarily benefits existing and prospective investors in these specific mutual fund schemes.
Impact Justification
Routine platform feature activation for mutual fund schemes with limited market-wide impact