Description

BSE has activated the SMART Switch facility for TRUSTMF Mid Cap Fund NFO on the BSE StAR MF platform, enabling automatic switching from 10 feeder schemes (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 on the BSE StAR MF platform for the TRUSTMF Mid Cap Fund NFO. This facility enables investors who subscribed to TRUSTMF Mid Cap Fund through NFO Auto Switch schemes (parking funds in liquid, overnight, short duration, money market, or corporate bond funds) to be automatically switched into the TRUSTMF Mid Cap Fund upon NFO allotment.

Key Points

  • SMART Switch facility is now active for TRUSTMF Mid Cap Fund NFO on BSE StAR MF platform.
  • 10 feeder/subscription schemes are mapped to their respective switch-in target schemes.
  • Direct Plan subscriptions switch into TRUSTMF Mid Cap Fund - Direct Plan - Growth.
  • Regular Plan subscriptions switch into TRUSTMF Mid Cap Fund - Regular Plan - Growth.
  • Five source fund types are covered: Liquid Fund, Overnight Fund, Short Duration Fund, Money Market Fund, and Corporate Bond Fund.

Regulatory Changes

No regulatory changes. This is an operational activation notice confirming the enablement of the SMART Switch transaction reporting mechanism on the BSE StAR MF platform.

Compliance Requirements

  • Mutual fund distributors and platforms using BSE StAR MF must ensure switch-in transactions for TRUSTMF Mid Cap Fund NFO are reported under the correct target schemes as listed in the mapping table.
  • No action required from end investors; the switch is processed automatically per the NFO Auto Switch subscription.

Important Dates

  • Effective Date: 2026-03-02 (date of circular issuance and facility activation).
  • NFO allotment and switch execution dates are governed by TRUSTMF’s NFO schedule.

Impact Assessment

This circular has low broader market impact as it pertains solely to investors in TRUSTMF Mid Cap Fund NFO who used the Auto Switch subscription route via BSE StAR MF. The operational mapping ensures seamless transition of parked funds into the target mid cap fund scheme without manual intervention. Distributors and RTAs processing these transactions on BSE StAR MF should verify the correct scheme codes are used per the published mapping.

Impact Justification

Routine operational notification for activation of SMART Switch facility for a single AMC's NFO; affects only investors in TRUSTMF feeder schemes switching into TRUSTMF Mid Cap Fund and is limited in market-wide significance.