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 (Liquid, Overnight, Short Duration, Money Market, and Corporate Bond fund variants) into TRUSTMF Mid Cap Fund Direct and Regular Growth plans.
Summary
BSE has activated the SMART Switch facility for the TRUSTMF Mid Cap Fund NFO on the BSE StAR MF platform. This enables investors who subscribed via NFO Auto Switch schemes to have their investments automatically switched from interim parking funds (Liquid, Overnight, Short Duration, Money Market, and Corporate Bond funds) into the TRUSTMF Mid Cap Fund upon NFO closure.
Key Points
- SMART Switch facility is now active for TRUSTMF Mid Cap Fund NFO on BSE StAR MF.
- 10 subscription schemes are mapped for auto-switch into TRUSTMF Mid Cap Fund (Direct and Regular Plan - Growth).
- Source schemes include TRUSTMF Liquid Fund, Overnight Fund, Short Duration Fund, Money Market Fund, and Corporate Bond Fund — both Direct and Regular Plan variants.
- All switch-in transactions are reported under either TRUSTMF Mid Cap Fund - Direct Plan-Growth or Regular Plan-Growth depending on the source plan type.
Regulatory Changes
No regulatory changes. This is an operational platform update enabling the pre-configured SMART Switch mechanism for an NFO already in progress.
Compliance Requirements
- Mutual fund distributors and RTAs processing transactions on BSE StAR MF should note the updated scheme mapping for TRUSTMF Mid Cap Fund NFO auto-switch transactions.
- Switch-in transactions must be reported against the correct target scheme as per the mapping table provided.
Important Dates
- Effective Date: 2026-03-02 (date of circular issuance and facility activation).
Impact Assessment
Impact is limited to investors who participated in the TRUSTMF Mid Cap Fund NFO via the BSE StAR MF platform using the Auto Switch route. The activation ensures seamless transfer of interim fund holdings into the target Mid Cap Fund scheme. No impact on equity markets or broader investor base. Operations teams on BSE StAR MF should update their scheme mapping records accordingly.
Scheme Mapping Table
| Sr. No. | Subscription Received Scheme | Switch-In Reporting Scheme |
|---|---|---|
| 1 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF LIQUID FUND - DIRECT PLAN - GROWTH | TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH |
| 2 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF LIQUID FUND - REGULAR PLAN - GROWTH | TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH |
| 3 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF OVERNIGHT FUND - DIRECT PLAN - GROWTH | TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH |
| 4 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF OVERNIGHT FUND - REGULAR PLAN - GROWTH | TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH |
| 5 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF SHORT DURATION FUND - DIRECT PLAN - GROWTH | TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH |
| 6 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF SHORT DURATION FUND - REGULAR PLAN - GROWTH | TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH |
| 7 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF MONEY MARKET FUND - DIRECT PLAN - GROWTH | TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH |
| 8 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF MONEY MARKET FUND - REGULAR PLAN - GROWTH | TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH |
| 9 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF CORPORATE BOND FUND - DIRECT PLAN - GROWTH | TRUSTMF MID CAP FUND - DIRECT PLAN-GROWTH |
| 10 | TRUSTMF MID CAP FUND - NFO AUTO SWITCH - TRUSTMF CORPORATE BOND FUND - REGULAR PLAN - GROWTH | TRUSTMF MID CAP FUND - REGULAR PLAN-GROWTH |
Impact Justification
Routine operational circular for a specific mutual fund NFO's auto-switch facility activation on BSE StAR MF. Affects only investors in TRUSTMF feeder schemes switching into the new Mid Cap Fund; no broader market or regulatory implications.