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BNP Paribas MF: Change in STP Facility


BNP Paribas Mutual Fund has modified some features of Systematic Transfer Facility (STP) facility, with effect from January 2, 2012.
Now, the STP will be available for all the existing schemes. There will be two sub-facilities, namely, Fixed Systematic Transfer Facility (FSTF) and Capital Appreciation Systematic Transfer Facility (CASTF). The only difference would be in CASTF, where the entire capital appreciation will be transferred to target scheme in place of fixed amount.