With effect from 17 May 2010
With a view to enhance and standardise the services to the investors,
the following changes are being made in the existing terms of
Systematic Transfer Plan (STP) facility with effect from 17 May, 2010,
as detailed below:
• Franklin Templeton Mutual Fund now introduces an additional frequency of Daily transfer under the Fixed amount option.
• Under this option, a fixed amount can be transferred from the
Source Scheme to the Destination Scheme on every Business Day for both
the schemes.
• In order to start the Daily STP, the minimum account balance in the Source Scheme should be Rs. 15,000.
• The minimum amount for Daily STP will be Rs.500 per day if the
Destination Scheme is equity or a hybrid scheme and Rs.1, 000 per day
if the Destination Scheme is a Fund of Funds (FOF) Scheme. The minimum
term./duration of Daily STP will be 30 days.
• Currently the Daily STP will be accepted/registered for a maximum duration of 3 years.
• Where the start date of the Daily STP is not mentioned, then
the start date shall be deemed to be the 8th day from the date of
submission of the request at any of the Franklin Templeton
ISC/Collection Centers.
The aforesaid changes shall be applicable only in those schemes/plans in which the STP facility is currently available.