HDFC Mutual Fund has introduced the HDFC Flex Systematic Transfer Plan under all open-dnded schemes, effective April 12, 2010.
1. Under HDFC Flex Systematic Transfer Plan unit holder(s) of designated open-ended scheme(s) can opt to transfer variable amount(s) linked to value of investment under HDFC Flex Systematic Transfer Plan from designate open ended scheme (Transferor Scheme) to the growth option of designated open ended scheme of HDFC Mutual Fund (Transferee Scheme).
2. Transfer facility is available at daily, weekly, monthly and quarterly intervals.
3. There should be 12 minimum installments where installment amount is less than Rs.1,000 and minimum of 6 installments where installment amount is less to or greater than Rs.1,000 under HDFC Flexi STP – Daily Interval. Minimum of 6 installments for enrolling under HDFC Flexi – Weekly and Monthly Interval and 2 installments under HDFC Flexi STP – Quarterly Interval. At the time of enrolling for HDFC Flex Systematic Transfer Plan the minimum account balance or minimum amount balance should be Rs.12,000.
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