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Escorts Mutual Fund: New Plans under STP facility


Under STP facility, investors of designated open ended scheme(s) can opt to transfer a fixed amount or capital appreciation at regular intervals to all the designated schemes. The designated schemes include all the open-ended schemes of Escorts Mutual Fund, except Escorts Tax Plan.

Effective July 5, 2010, Escorts Mutual Fund has introduced the FSTP (Fixed Systematic Transfer Plan) and CASTP (Capital Appreciation Systematic Transfer Plan). The features are as follows:

FSTP facility is available under weekly, monthly and quarterly intervals whereas CASTP facility is available under monthly and quarterly intervals only. Investors can opt for any of the plans and also choose the frequency for such transfers.

FSTP: Investors can transfer a fixed amount of a minimum of Rs.1,000 (except Escorts Tax Plan) and a minimum of Rs.500 for Escorts Tax Plan for Monthly Interval and Rs.1,500 for Quarterly Interval on the 1st, 10th or 25th of each month.

CASTP: Investors can transfer entire capital appreciation amount (minimum of Rs 1000) by way of capital appreciation at monthly or quarterly intervals on the 1st, 10th or 25th of each month/ 1st, 10th or 25th of first month of each quarter.

A minimum of 6 installments under Monthly Interval and a minimum of 4 installments under Quarterly Interval has to be made for both the plans. The minimum amount in unit holder’s account at the time of STP enrolment should be Rs.12,000.