Description

BSE activates SMART Switch feature for Axis BSE India Sector Leaders Index Fund NFO, enabling automated switching from Axis Overnight Fund schemes on the StAR MF platform.

Summary

BSE has activated the SMART Switch feature for the AXIS BSE INDIA SECTOR LEADERS INDEX FUND - NFO on its StAR MF (Systematic Transaction Access & Routing Mutual Fund) platform. This feature allows investors to automatically switch from two Axis Overnight Fund schemes (Regular Plan - Growth and Direct Plan - Growth) into the new sector leaders index fund during the NFO period.

Key Points

  • SMART Switch feature activated for Axis BSE India Sector Leaders Index Fund NFO
  • Platform: BSE StAR MF
  • Source schemes eligible for switching:
    • Axis Overnight Fund Regular Plan - Growth
    • Axis Overnight Fund Direct Plan - Growth
  • Feature enables automated systematic switching from overnight funds to the sector index fund

Regulatory Changes

No regulatory changes. This is an operational notification regarding platform feature activation.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational circular about mutual fund platform functionality.

Important Dates

  • Announcement Date: January 22, 2026
  • Feature activation is effective immediately for the NFO period

Impact Assessment

Low impact notification. This circular informs market participants and investors about the availability of the SMART Switch facility for the Axis mutual fund NFO. The impact is limited to:

  • Investors seeking to participate in the Axis BSE India Sector Leaders Index Fund NFO
  • Existing holders of Axis Overnight Fund who wish to systematically switch to the new scheme
  • Distributors and intermediaries facilitating mutual fund transactions on BSE StAR MF platform

No direct impact on equity market trading or broader market operations.

Impact Justification

Operational notification for mutual fund platform feature activation with limited direct market impact, primarily affecting mutual fund investors using the SMART Switch facility