Description
BSE activates SMART Switch facility for Bajaj Finserv Low Duration Fund NFO, enabling investors to switch from Liquid Fund and Overnight Fund to the new fund offering.
Summary
BSE has activated the SMART Switch facility for BAJAJ FINSERV LOW DURATION FUND - NFO on its StAR MF platform. This facility allows investors to switch from existing Bajaj Finserv Liquid Fund and Overnight Fund schemes (both Regular and Direct plans with Growth option) into the new Low Duration Fund offering.
Key Points
- SMART Switch facility activated for Bajaj Finserv Low Duration Fund NFO
- Four switch routes available: from Liquid Fund and Overnight Fund (Regular and Direct plans)
- Subscriptions received under NFO SMART Switch schemes will be reported to AMC/RTA under respective plan categories (Regular Plan - Growth or Direct Plan - Growth)
- Facility available on BSE StAR MF platform
Regulatory Changes
No regulatory changes. This is an operational activation of an existing facility.
Compliance Requirements
- Trading members must use correct scheme codes when processing SMART Switch transactions
- Subscriptions must be reported to AMC/RTA using the designated transaction reporting scheme names
- Members should ensure proper mapping between subscription received schemes and transaction reporting schemes
Important Dates
- Activation Date: February 6, 2026
- NFO period dates not specified in this circular
Impact Assessment
Limited impact confined to Bajaj Finserv mutual fund investors and BSE StAR MF platform participants. The activation provides convenience for existing investors in Bajaj Finserv Liquid and Overnight Funds to move into the new Low Duration Fund during the NFO period. No broader market implications or impact on equity markets.
Impact Justification
Operational circular for mutual fund platform activation with limited market-wide impact, relevant only to Bajaj Finserv mutual fund investors utilizing the SMART Switch facility