Daiwa Mutual Fund has announced to introduce the option of Daily STP (Systematic Transfer Plan ) with effect from July 16 ,2012
The following terms and conditions are to be taken note of:-
a) A unitholder can switch a fixed amount of at least Rs. 500 per transaction.
b) The start date of daily STP shall be the 1st, 7th, 14th, 21st or 28th as the case may be for the period concerned.
c) A minimum of 12 transfers has to be submitted for daily STP.
d) Daily STP shall commence either after 3 working days from the date of receipt of valid request from the unitholder or from the effective date stated by the unitholder, whichever is later.