Description
NSE enables SMART Switch feature for BANDHAN Mutual Fund's new sector index fund offering from September 4-15, 2025.
Summary
NSE has activated the SMART Switch feature for BANDHAN BSE INDIA SECTOR LEADERS INDEX FUND on its MF Invest Platform, effective from September 4, 2025, until September 15, 2025. This feature allows investors to switch from existing BANDHAN Overnight Fund units to the new sector index fund during the NFO period.
Key Points
- SMART Switch feature available only through UI option
- Feature specific to BANDHAN BSE INDIA SECTOR LEADERS INDEX FUND NFO
- Switching allowed from BANDHAN OVERNIGHT FUND (both Direct and Regular plans)
- Available only for lumpsum subscription in non-Demat mode
- Plan-to-plan matching: Growth option units switch to Growth option only
- Transaction cutoff time: 2:30 PM on September 15, 2025
Regulatory Changes
No regulatory changes introduced. This is a platform feature activation for existing mutual fund investment processes.
Compliance Requirements
- Members must inform clients about SMART Switch availability and restrictions
- Transactions must comply with non-Demat mode requirements
- Adherence to specified cutoff times for transactions
- Proper scheme identification using provided ISIN codes
Important Dates
- Feature Activation: September 4, 2025
- Last Date for Transactions: September 15, 2025 (until 2:30 PM)
- NFO Period: September 4-15, 2025
Impact Assessment
Limited impact as this affects only investors interested in switching from BANDHAN Overnight Fund to the new sector index fund. The feature provides convenience for existing BANDHAN fund holders during the NFO period. No broader market implications expected due to the specific nature and short duration of the offering.
Impact Justification
Routine platform feature activation for specific mutual fund scheme with limited scope and timeframe