Bharti AXA MF has notified the following changes:
- Minimum duration of STP from Bharti AXA Liquid Fund shall stand reduced from 6 months to 1 month.
- Introduction of STP under Bharti AXA Treasury Advantage Fund Daily STP: Minimum Rs. 300 (on each business day) for 1 month. Monthly STP: Minimum Rs. 1,000 for 6 months.
- STP into Bharti AXA Equity Fund shall now be allowed from all schemes of Bharti AXA MF. Earlier, STP was allowed only from the liquid schemes.
- Daily STP shall be allowed in case of transfers from Bharti AXA Treasury
Advantage Fund and Bharti AXA Liquid Fund into Bharti AXA Equity Fund. For this,
a minimum lumpsum investment of Rs. 10,000 in the transferor scheme is to be
made, and STP can be of Rs. 300 / Rs. 400 / Rs. 500.
No entry load shall apply for switches into Bharti AXA Equity Fund. However, an exit load of 3.50% (if redeemed within 1 year) or 2.50% (if redeemed after 1 year but within 3 years) shall be applicable on units purchased through D-STP.
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