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Monday, March 09, 2009

Bharti AXA MF introduces D-STP

With effect from 9 March 2009

Bharti AXA Mutual Fund has introduced a new systematic transfer plan facility called Daily Tystematic Transfer Plan (D-STP) in Bharti AXA Equity Fund (BAEF), Bharti AXA Liquid Fund (BALF) and Bharti AXA Treasury Advantage Fund (BATrAF) with effect from 9 March 2009. In order to avail this facility, the investor is initially required to invest a lumpsum amount in BALF or BATrAF in the growth option of its regular plan. Simultaneously, the investor will give instruction for investing in BAEF through daily transfers by installments from BALF or BATrAF.

The features of D-STP

Minimum lump sum amount to be invested in BALF and BATrAF is Rs 10000 and in multiples of Re 1 thereafter. Installment options for daily transfer in BAEF (through switch) is Rs 300/ 400/ 500 (Daily transfer is on business days only).

Load Structure in BAEF for investment through D-STP: No entry load will be charged. 3.50% of exit load will be charged, if redeemed within 1 year from the date of allotment. 2.50% of an exit load will be charged, if redeemed after 1 year but within 3 years from the date of allotment. And no exit charge will be levied for the redemption after 3 years from the date of allotment.

No entry or exit load will be levied for BALF and BATrAF for investment under D-STP.

The investment in BAEF through D-STP can be made only in growth option of regular plan or eco plan.

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