Description

BSE activates the SMART Switch facility for TRUSTMF MID CAP FUND NFO on the BSE StAR MF platform, enabling auto-switch from 10 subscription schemes across TRUSTMF Liquid, Overnight, Short Duration, Money Market, and Corporate Bond funds into TRUSTMF MID CAP FUND direct and regular growth plans.

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 investors who subscribed to the NFO via auto-switch arrangements from various TRUSTMF source schemes to have their switch-in transactions reported into the appropriate TRUSTMF MID CAP FUND plan.

Key Points

  • The SMART Switch facility is now active for TRUSTMF MID CAP FUND NFO on BSE StAR MF.
  • 10 subscription-received schemes are mapped to their corresponding switch-in transaction reporting schemes.
  • Source funds include TRUSTMF Liquid Fund, TRUSTMF Overnight Fund, TRUSTMF Short Duration Fund, TRUSTMF Money Market Fund, and TRUSTMF Corporate Bond Fund.
  • Both Direct Plan and Regular Plan variants are covered for each source fund.
  • All switch-in transactions report into either TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH or TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH depending on the plan type of the source scheme.

Regulatory Changes

No regulatory changes. This is an operational activation notice for an existing facility (SMART Switch) on the BSE StAR MF platform.

Compliance Requirements

  • Mutual fund distributors and registrars processing transactions on BSE StAR MF should ensure that NFO auto-switch subscriptions for TRUSTMF MID CAP FUND are reported using the correct switch-in scheme codes as listed in the circular.
  • Direct Plan subscribers must map to TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH; Regular Plan subscribers must map to TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH.

Important Dates

  • Circular Date: 2026-03-02
  • Effective: Immediately upon activation as communicated in this circular.

Impact Assessment

Limited operational impact confined to participants in the TRUSTMF MID CAP FUND NFO who use the auto-switch facility on BSE StAR MF. The circular is a procedural notification ensuring correct transaction reporting and has no broader market, pricing, or compliance implications for other market participants.

Impact Justification

Routine operational circular enabling an auto-switch facility for a mutual fund NFO on BSE StAR MF; affects only participants in TRUSTMF MID CAP FUND NFO and has no broader market or compliance impact.