BNP Paribas Mutual Fund has announced the introduction of Dividend Transfer Plan Facility with effect from February 1, 2013.
Under this facility, the unit holder can choose to automatically invest the dividend declared by the eligible source schemes into the eligible target schemes.
The eligible source schemes are BNP Paribas Equity, Dividend Yield, Midcap and Tax Advantage Plan.
The eligible target schemes are BNP Paribas Money Plus and Short Term Income.
However, this facility is available only for units held in non-demat mode in the source and target scheme(s).
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