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Monday, March 09, 2009

Bharti AXA announces various modifications

With effect from 9 March 2009

Bharti AXA Mutual Fund has announced modification in the minimum duration of Systematic Transfer Plan (STP) in Bharti AXA Liquid Fund (BALF) and in the provision of STP facility of Bharti AXA Equity Fund (BAEF).

Modification in the minimum duration of STP in BALF

As per the modification, the minimum period for investment through STP under daily switch option from BALF to any other existing schemes (other than BAEF) / Schemes launched by the fund house from time to time and which has the feature of accepting investments through STPs from BALF stand reduced fro 6 months to 1 month.

Modification in provision of STP facility of BAEF

Currently, the BAEF accepts in-coming STP investments from liquid schemes only. It is proposed to allow such in-coming investment through STP from all schemes of Bharti AXA mutual fund which offers STP-out facility.

All above mentioned modifications shall be effective from 9 March 2009.

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