Introduction of VTP and TRIP facility in Mirae Mutual Funds | Value Research Mirae AMC introduced Variable Transfer Plan (VTP) and Trigger Investment Plan (TRIP) facility to tra
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Introduction of VTP and TRIP facility in Mirae Mutual Funds

Mirae AMC introduced Variable Transfer Plan (VTP) and Trigger Investment Plan (TRIP) facility to transfer investments from Mirae Asset Ultra Short Term Bond Fund.

The VTP facility allows investors to transfer variable amount, calculated on the basis of value of investments, at predetermined intervals to specific schemes of the fund house. The eligible target schemes for this facility include Mirae Asset India Opportunities Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset China Advantage Fund, Mirae Asset India-China Consumption Fund and Mirae Asset Global Commodity Stocks Fund.

Under the VTP plan, unit holders can transfer either a fixed amount per installment or amount as determined by following formula:
[(Fixed amount to be transferred per installment X Number of installments including the current installment)- Market value of the investments through VTP in the target scheme on date of transfer], whichever amount is higher on date of transfer.

The TRIP facility allows investors to set triggers for there investments in the fund, i.e. they can authorise the fund house to transfer the investment to another scheme if closing value of Index reaches or crosses the level indicated by unit holder in the enrollment form. Unit holders are offered two enrollment options- Flexible Installment and Fixed Installment Default option.

The target schemes for TRIP facility include Mirae Asset Emerging Bluechip Fund and Mirae Asset India Opportunities Fund.




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