Description

BSE announces activation of the SMART Switch feature for Helios Arbitrage Fund NFO on the BSE StAR MF platform, allowing switches from Helios Overnight Fund schemes.

Summary

BSE has activated the SMART Switch feature for the Helios Arbitrage Fund NFO on the BSE StAR MF platform. This feature enables investors to switch into the new Helios Arbitrage Fund from eligible Helios Overnight Fund schemes.

Key Points

  • SMART Switch feature is now active for Helios Arbitrage Fund NFO on BSE StAR MF platform
  • Two source schemes are eligible for the switch:
    1. Helios Overnight Fund – Direct Plan – Growth
    2. Helios Overnight Fund – Regular Plan – Growth
  • The feature facilitates seamless fund switching during the NFO period

Regulatory Changes

No regulatory changes. This is an operational activation notice for a platform feature on BSE StAR MF.

Compliance Requirements

  • Mutual fund distributors and participants on BSE StAR MF platform should note the activation of this feature
  • Transactions involving the SMART Switch from the listed Helios Overnight Fund schemes to Helios Arbitrage Fund NFO can now be processed

Important Dates

  • Effective Date: March 9, 2026 (date of circular issuance)
  • Applicable during the NFO period of Helios Arbitrage Fund

Impact Assessment

Limited impact; this is a platform-level operational update for BSE StAR MF participants. It provides an additional convenience feature for investors already holding units in Helios Overnight Fund schemes who wish to switch into the Helios Arbitrage Fund during its NFO window. No broader market or regulatory impact expected.

Impact Justification

Operational notification for mutual fund distributors on BSE StAR MF platform regarding a specific NFO switch feature; limited market-wide impact.