Pramerica Mutual Fund has announced the introduction of Dividend Transfer Plan (DTP) under the ‘Dividend Option' of Pramerica Liquid Fund, Pramerica Ultra Short Term Bond Fund, Pramerica Short Term Income Fund, Pramerica Equity Fund, Pramerica Dynamic Fund and Pramerica Dynamic Monthly Income Fund with effect from March 8, 2011.
Under the Dividend Transfer Plan, the investors may opt to automatically transfer the net dividend amount payable under the scheme (Source Scheme) into any other scheme (Target Scheme) of Pramerica Mutual Fund on the ex-dividend date, at the applicable NAV of the Target Scheme. Accordingly applicable number of units will be allotted in the Target Scheme.
The minimum amount of investment is not applicable for investment made through Dividend Transfer Plan in the Target Schemes.
The units allotted in the target scheme against investment through Dividend Transfer Plan will be subject to the applicable exit load of the target scheme.
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