Description
BSE announces the activation of the SMART Switch feature for Helios Arbitrage Fund NFO on the BSE StAR MF platform, enabling switches from specified Helios overnight fund schemes.
Summary
BSE has activated the SMART Switch feature on the BSE StAR MF platform for the Helios Arbitrage Fund New Fund Offer (NFO). This allows investors to switch into the NFO from eligible Helios Overnight Fund schemes.
Key Points
- The SMART Switch feature has been activated under the Helios Arbitrage Fund NFO on BSE StAR MF.
- Two source schemes are eligible for the switch:
- Helios Overnight Fund – Direct Plan – Growth
- Helios Overnight Fund – Regular Plan – Growth
Regulatory Changes
No regulatory changes introduced. This is an operational enablement circular for the SMART Switch facility on the BSE StAR MF platform.
Compliance Requirements
Distributors and mutual fund participants using the BSE StAR MF platform should note the availability of the SMART Switch feature for the Helios Arbitrage Fund NFO and update their systems or workflows accordingly.
Important Dates
Date of circular: 2026-03-09. Specific NFO subscription period dates are not mentioned in the circular; participants should refer to the Helios Arbitrage Fund scheme documents for NFO timelines.
Impact Assessment
Low market impact. This is a platform-level operational update facilitating investor convenience by enabling switches from Helios Overnight Fund schemes into the Helios Arbitrage Fund NFO via BSE StAR MF. It does not affect broader market operations or trading rules.
Impact Justification
Operational update enabling a switch feature for a specific mutual fund NFO; limited to participants using the BSE StAR MF platform and investors in the listed Helios overnight fund schemes.