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Monday, March 09, 2009

Bharti AXA Treasury Advantage Fund introduces STP facility

With effect from 9 March 2009

Bharti AXA Mutual Fund has introduced Systematic Transfer Plan (STP) facility in Bharti AXA Treasury Advantage Fund (BATrAF) with effect from 9 March 2009.

This facility enable the unit holders to transfer a fixed amount from their existing investments in the scheme at periodic intervals though a one time request to other existing schemes / schemes launched by the fund form time to time and which has the feature of accepting transfers through STP. The transfer can be made at daily or monthly frequency. Under this facility the transfer by the unit holders should be within the same account/folio number.

Details of STP:

Daily switch: Transfer will be on each business day basis NAV of such business day. The minimum duration for which transfer should be set up under STP is one month and the STP installment will be minimum Rs 300 and in multiples of Rs 100 thereafter.

Monthly switch: Transfer will be on any one of the following dates in a month as chosen by the investor / unit holder: 1st, 7th, 10th, 15th, 20th and 25th basis NAV of that day, or of following business day, if that day is not a business day. The minimum duration for which transfer should be set up under STP is six months and the STP installment will be minimum Rs 1000 and in multiples of Rs 100 thereafter.

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