Description
BSE announces the activation of the SMART Switch feature for the HELIOS ARBITRAGE FUND NFO on the BSE StAR MF platform, allowing 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 feature enables investors holding units in specified Helios overnight fund schemes to switch into the new Helios Arbitrage Fund during its NFO period.
Key Points
- The SMART Switch feature is now active for HELIOS ARBITRAGE FUND NFO on the BSE StAR MF platform.
- Two source schemes are eligible for the SMART Switch: HELIOS OVERNIGHT FUND-DIRECT PLAN-GROWTH and HELIOS OVERNIGHT FUND-REGULAR PLAN-GROWTH.
- Both direct and regular plan variants of the Helios Overnight Fund are included as eligible source schemes.
Regulatory Changes
No regulatory changes are introduced. This is an operational enablement of an existing platform feature (SMART Switch) for a new fund offering.
Compliance Requirements
- Mutual fund distributors and platforms using BSE StAR MF should ensure the SMART Switch option is made available to eligible investors in the listed Helios Overnight Fund schemes.
- No additional compliance obligations are specified beyond standard NFO processing procedures.
Important Dates
- Circular Date: March 9, 2026
- Effective Date: As of the NFO period for HELIOS ARBITRAGE FUND (specific NFO open/close dates not mentioned in the circular).
Impact Assessment
The impact is limited and operational in nature. Only investors in HELIOS OVERNIGHT FUND (Direct and Regular Plan - Growth options) are affected, providing them a convenient mechanism to switch into the new HELIOS ARBITRAGE FUND NFO via the BSE StAR MF platform. No broader market or systemic impact is anticipated.
Impact Justification
Operational circular enabling a specific platform feature for one NFO; limited to investors in two Helios overnight fund schemes with no broad market or regulatory impact.