Description

BSE activates the SMART Switch feature for HELIOS ARBITRAGE FUND NFO on the BSE StAR MF platform, with HELIOS OVERNIGHT FUND (Direct and Regular Plan - Growth) designated as eligible source schemes.

Summary

BSE has announced the activation of the SMART Switch feature on the BSE StAR MF platform for the HELIOS ARBITRAGE FUND New Fund Offer (NFO). This feature allows investors to switch from eligible source schemes into the new Helios Arbitrage Fund during its NFO period.

Key Points

  • The SMART Switch feature has been activated specifically for the HELIOS ARBITRAGE FUND NFO on BSE StAR MF.
  • Two source schemes are eligible for the SMART Switch facility:
    1. HELIOS OVERNIGHT FUND - Direct Plan - Growth
    2. HELIOS OVERNIGHT FUND - Regular Plan - Growth
  • Both Direct and Regular Plan variants of Helios Overnight Fund qualify as source schemes.

Regulatory Changes

No new regulatory changes introduced. This circular implements an operational feature within the existing BSE StAR MF mutual fund transaction platform framework.

Compliance Requirements

  • Mutual fund distributors and registered investment advisors using BSE StAR MF should note the eligible source schemes for the SMART Switch facility.
  • Investors holding units in HELIOS OVERNIGHT FUND (Direct or Regular - Growth) can utilise the SMART Switch option to invest in the HELIOS ARBITRAGE FUND NFO.

Important Dates

  • Circular Date: 2026-03-09
  • Effective during the NFO period of HELIOS ARBITRAGE FUND (specific NFO open/close dates not mentioned in this circular).

Impact Assessment

The impact is limited and operational in nature. This circular affects only investors in Helios Overnight Fund who wish to switch into the Helios Arbitrage Fund NFO via the BSE StAR MF platform. It does not introduce new compliance obligations or affect broader market operations. Distributors and platform users should update their systems to reflect the eligible source schemes for this SMART Switch activation.

Impact Justification

Routine operational circular enabling a platform feature for a specific NFO; limited to investors in Helios Overnight Fund wishing to switch into Helios Arbitrage Fund NFO.