Description

BSE announces activation of the SMART Switch facility for TRUSTMF MID CAP FUND NFO on the BSE StAR MF platform, enabling auto-switch from 10 source schemes (liquid, overnight, short duration, money market, and corporate bond funds) into the new mid cap fund.

Summary

BSE has activated the SMART Switch facility for the TRUSTMF MID CAP FUND New Fund Offer (NFO) on the BSE StAR MF platform. This facility allows subscriptions received in designated NFO auto-switch schemes to be reported as Switch In transactions into the corresponding TRUSTMF MID CAP FUND plans (Direct or Regular, Growth option).

Key Points

  • SMART Switch facility is now active for TRUSTMF MID CAP FUND NFO on BSE StAR MF platform.
  • 10 source subscription schemes are mapped to 2 Switch In target schemes (Direct Plan-Growth and Regular Plan-Growth).
  • Source schemes span five fund categories: Liquid Fund, Overnight Fund, Short Duration Fund, Money Market Fund, and Corporate Bond Fund.
  • Both Direct Plan and Regular Plan variants are covered for each source fund category.
  • Switch In transactions are reported into TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH or TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH depending on the source plan type.

Regulatory Changes

No regulatory changes. This is an operational notification enabling a platform feature for the NFO period of TRUSTMF MID CAP FUND.

Compliance Requirements

  • Mutual fund distributors and participants on BSE StAR MF platform should note the mapping of NFO auto-switch subscription schemes to their corresponding Switch In reporting schemes.
  • Transactions must be routed through the designated NFO auto-switch scheme codes for proper reporting.

Important Dates

  • Effective Date: 2026-03-02 (date of circular issuance and facility activation).
  • Applicable during the NFO period of TRUSTMF MID CAP FUND.

Impact Assessment

Impact is limited to participants on the BSE StAR MF platform transacting in TRUSTMF MID CAP FUND NFO via the auto-switch route. The circular is operational in nature, ensuring correct transaction reporting for investors switching from existing TRUSTMF debt/liquid schemes into the new mid cap fund. No broader market, regulatory, or systemic impact is anticipated.

Impact Justification

Routine operational circular for mutual fund platform participants; affects only investors in TRUSTMF MID CAP FUND NFO using the auto-switch facility on BSE StAR MF, with no broader market or regulatory impact.