SBI Mutual Fund has announced to introduce the trigger facilities in all open ended schemes with effect from April 25, 2012. Under these facilities, a stipulated amount would be transferred from one scheme to another in case trigger is activated.
Different types of trigger options
NAV Appreciation/Depreciation Trigger
Investor can indicate NAV appreciation or depreciation in percentage terms for exit trigger. The minimum trigger will be 5% and in multiples of 1% thereafter.
Index Level Appreciation/Depreciation Trigger
Investor would indicate the Sensex level as the trigger to redeem/switch from one scheme to another. The Sensex level would to be indicated in multiples of 100 only.
Capital Appreciation/Depreciation
Investors will have the option to indicate the Capital Appreciation/Depreciation in monetary terms to activate the trigger. The minimum Capital Appreciation/Depreciation should be Rs.10,000 and in multiples of Rs.1000 each.
Conditions
* The trigger Option mandate will be registered on T+10 basis.
* The minimum investment amount under the Trigger Facility will be Rs.25000 and in multiples of Re.1 thereafter.
* The combination of trigger facilities will not be allowed. Investors have to choose only one.
* Investors can not change once enrolled. They have to re-apply after canceling the existing trigger.
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