Description
BSE activates SMART Switch facility for Bajaj Finserv Low Duration Fund NFO, enabling switches from Liquid and Overnight Funds to the new offering.
Summary
BSE has activated the SMART Switch facility for the Bajaj Finserv Low Duration Fund - NFO on its StAR MF platform. This facility allows investors to switch their investments from Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund (both Regular and Direct plans) into the new Low Duration Fund offering.
Key Points
- SMART Switch facility enabled for Bajaj Finserv Low Duration Fund NFO
- Four switch routes activated covering Regular and Direct plans
- Source schemes: Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund
- Target scheme: Bajaj Finserv Low Duration Fund (Growth option)
- Facility operational on BSE StAR MF platform
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility for a new fund offer.
Compliance Requirements
No specific compliance requirements for market participants. AMC/RTA will receive transaction reporting as per the mapping provided:
- Subscriptions received under NFO SMART Switch schemes will be reported to the respective Regular Plan Growth or Direct Plan Growth of the Low Duration Fund
Important Dates
- Activation Date: February 6, 2026
Impact Assessment
Market Impact: Minimal - affects only investors in specific Bajaj Finserv mutual fund schemes
Operational Impact: Enables seamless switching facility for investors wanting to move from liquid/overnight funds to the new low duration fund NFO, improving investor convenience and fund distribution efficiency on BSE’s mutual fund platform
Impact Justification
Routine operational circular for mutual fund platform facility activation affecting only investors interested in specific Bajaj Finserv fund schemes