Description
BSE activates SMART Switch facility for Bajaj Finserv Low Duration Fund NFO, enabling automatic switches from Liquid and Overnight Funds to the new fund.
Summary
BSE has activated the SMART Switch facility for Bajaj Finserv Low Duration Fund NFO on the BSE StAR MF platform. This facility enables investors to automatically switch their investments from Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund to the new Low Duration Fund. The facility covers both Regular Plan Growth and Direct Plan Growth options.
Key Points
- SMART Switch facility activated for Bajaj Finserv Low Duration Fund NFO
- Switches available from Bajaj Finserv Liquid Fund (Regular and Direct Growth plans)
- Switches available from Bajaj Finserv Overnight Fund (Regular and Direct Growth plans)
- All switch subscriptions will be reported to AMC/RTA as either Regular Plan Growth or Direct Plan Growth of the Low Duration Fund
- Four switch combinations are now active on the platform
Regulatory Changes
No regulatory changes introduced. This is an operational activation of an existing platform facility.
Compliance Requirements
No specific compliance requirements for market participants. The circular provides transaction reporting scheme names that the platform will use when communicating with AMC/RTA.
Important Dates
- Circular Date: February 6, 2026
- Effective Date: Immediate (facility is now active)
Impact Assessment
Market Impact: Minimal. This affects only investors participating in the Bajaj Finserv Low Duration Fund NFO who wish to use the SMART Switch facility.
Operational Impact: Low. Platform infrastructure for handling these specific switch transactions is now operational. Investors can seamlessly move funds from liquid/overnight funds to the new low duration fund offering.
Impact Justification
Operational circular for mutual fund platform feature activation affecting only specific fund subscribers