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Wednesday, September 24, 2014

L&T MF Announces Introduction of DTP Facility

With effect from 24 September 2014 

L&T Mutual Fund has announced with effect from 24 September 2014, the new facility namely; Dividend Transfer Plan (DTP) will be introduced under dividend options under all the open-ended schemes of the fund except L&T Tax Advantage Fund, L&T Tax Saver Fund and L&T Emerging Business Fund, where in the said schemes can only be the source as per the applicable Net Asset Value (NAV). 

Under the DTP facility, the unit holder/investor can opt to transfer the amount of dividend the unit holder / investor can opt to transfer the amount of dividend the unit holder / investor is eligible to receive under an open-ended scheme of the fund. 
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