Description
BSE announces activation of SMART Switch feature for AXIS BSE India Sector Leaders Index Fund NFO, enabling switches from AXIS Overnight Fund plans.
Summary
BSE has activated the SMART Switch feature for the AXIS BSE INDIA SECTOR LEADERS INDEX FUND - NFO on the BSE StAR MF platform. This feature allows investors to switch from AXIS Overnight Fund plans (both Regular and Direct Growth options) into the new fund offering.
Key Points
- SMART Switch feature activated for AXIS BSE India Sector Leaders Index Fund NFO
- Available on BSE StAR MF platform
- Two source schemes eligible for switching:
- AXIS OVERNIGHT FUND REGULAR PLAN - GROWTH
- AXIS OVERNIGHT FUND DIRECT PLAN - GROWTH
- Feature enables seamless switching from overnight fund to sector leaders index fund
Regulatory Changes
No regulatory changes. This is an operational feature activation on the BSE mutual fund platform.
Compliance Requirements
No specific compliance requirements for market participants. This is a platform feature available for investors who wish to utilize the switch facility.
Important Dates
- Activation Date: January 22, 2026
Impact Assessment
Limited impact, affecting only investors interested in switching from AXIS Overnight Fund to the AXIS BSE India Sector Leaders Index Fund. This is a convenience feature for mutual fund investors on the BSE StAR MF platform and does not affect broader market operations or trading activities.
Impact Justification
Routine operational update regarding mutual fund platform feature activation for a specific NFO, affecting only investors interested in this particular fund switch facility