While investing in a debt fund normally assures you of fairly consistent returns, equities have the potential to create wealth. But the unpredictability in equity funds can be quite a deterrent when you make a choice. To combine the best of both worlds, we present Systematic Transfer plan.
Ideal for
Investors who want to invest lump sum money in schemes with stable returns and ensure small exposure to equity schemes in order to avail of the potential for higher growth through equities.
Invest a lump sum amount in a debt-oriented scheme. Specify a desired amount to be transferred to any of our equity schemes like Birla Advantage Fund/Birla MNC Fund/Birla Equity Plan. The amount will be transferred to the selected scheme on the 1st of every month.
Features
STP will be available to investors in the following
schemes:
Birla Bond Plus, Birla Bond Index Fund, Birla Cash Plus, Birla Dynamic Bond Fund, Birla Floating Rate Fund, Birla Gilt Plus, Birla Income Plus, Birla MIP (An Open-Ended Fund. Monthly Income is not assured and is subject to availability of distributable surplus) and Birla MIP-II (An Open-Ended Fund. Monthly Income is not assured and is subject to availability of distributable surplus), Birla Sun Life Monthly Income & Birla Sun Life Government Securities, Birla Sun Life Cash Manager, Birla Sun Life Short Term Fund, Birla Sun Life Income Fund.
Allows investors to transfer a fixed amount at regular intervals into any of the following designated equity schemes : Birla Advantage Fund, Birla Balance, Birla Dividend Yield Plus, Birla Equity Plan, Birla India Opportunities Fund, Birla MNC Fund, Birla Midcap Fund, Birla India GenNext Fund, Birla Sun Life Equity Fund, Birla Sun Life New Millennium Fund, Birla Sun Life Buy India Fund, Birla Sun Life Basic Industries Fund, Birla Sun Life Frontline Equity Fund, Birla Sun Life Tax Relief '96, Birla Sun Life '95 Fund.
Options
Investor has the option of :
1
Monthly Systematic Transfer Plan:
2
Quarterly Systematic Transfer Plan:
Minimum Balance:
Minimum Balance in the Scheme at the time of enrollment for STP facility should be Rs.6,000/-
Monthly Systematic Transfer Plan:
Investors are required to instruct for minimum 12 transfers of Rs. 500/- and above each or minimum 6 transfers of Rs. 1000/- and above each.
2
Quarterly Systematic Transfer Plan: Investors are required to instruct for minimum 4 transfers of Rs. 1500/- and
above each.
Transfer dates
1.
Monthly Systematic Transfer Plan - Transfer can be of following dates:
a) 1st or 10th or 20th of each month.
b) Investors can also opt for multiple dates within a month and in this case, the transfer can be instructed for 1st and / or 10th / and / or 20th of each month.
2.
Quarterly Systematic Transfer Plan - Transfer can be instructed for the following dates:
1st or 10th or 20th of the beginning month of each quarter (January, April, July, October)
Load Structure
Each amount transferred under STP, if less than or equal to Rs.10,00,000/- from the transferor scheme to the transferee scheme shall be effected by redeeming units of the transferor scheme at the applicable NAV, without payment of any exit load, if any; and subscriptions to the units of the transferee scheme at the applicable NAV, without payment of any entry load, if any, as on the specified date of a month/quarter. However, the applicable entry load originally waived will be levied in the Transferee Scheme if the units are redeemed/switched out within 365 days from the date of transfer in the transferee scheme. For switches within the equity funds during the 365-day period, no load will be charged.
