Description

BSE announces the activation of the SMART Switch facility for TRUSTMF Mid Cap Fund NFO on BSE StAR MF platform, enabling automatic switching from 10 feeder schemes across liquid, overnight, short duration, money market, and corporate bond funds into the Mid Cap Fund.

Summary

BSE has activated the SMART Switch facility for the TRUSTMF Mid Cap Fund NFO on the BSE StAR MF platform. This facility enables automatic switching of NFO subscriptions collected via 10 designated feeder/parking schemes (across liquid, overnight, short duration, money market, and corporate bond fund categories) into the appropriate TRUSTMF Mid Cap Fund plan upon NFO closure.

Key Points

  • SMART Switch facility is now active for TRUSTMF Mid Cap Fund NFO on BSE StAR MF.
  • 10 subscription-received schemes are mapped to their respective switch-in reporting schemes.
  • Direct Plan subscriptions (from any feeder fund) switch into TRUSTMF Mid Cap Fund - Direct Plan-Growth.
  • Regular Plan subscriptions (from any feeder fund) switch into TRUSTMF Mid Cap Fund - Regular Plan-Growth.
  • Feeder schemes span five fund categories: Liquid, Overnight, Short Duration, Money Market, and Corporate Bond.

Regulatory Changes

No new regulatory changes. This is an operational activation notice for an existing SMART Switch mechanism under the BSE StAR MF platform’s NFO processing framework.

Compliance Requirements

  • Distributors and investors using BSE StAR MF for TRUSTMF Mid Cap Fund NFO subscriptions should ensure transactions are routed through the correct subscription-received scheme as listed.
  • Switch-in reporting must reference the designated TRUSTMF Mid Cap Fund plan (Direct or Regular) as mapped in the circular.

Important Dates

  • Effective Date: 2026-03-02 (date of circular issuance; SMART Switch facility activated as of this notice).
  • NFO period dates for TRUSTMF Mid Cap Fund are not explicitly stated in this circular.

Impact Assessment

This circular has limited market impact and is relevant only to investors and distributors participating in the TRUSTMF Mid Cap Fund NFO via BSE StAR MF. The SMART Switch mechanism is a standard operational facility that parks NFO subscription amounts in short-term debt/liquid funds and automatically switches them into the target fund at allotment, minimising idle cash drag for investors. No systemic or broad market implications.

Impact Justification

Routine operational activation of SMART Switch facility for a mutual fund NFO on BSE StAR MF platform; affects only investors in TRUSTMF feeder schemes and has no broad market impact.