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Standard Chartered MF Introduces STP


Standard Chartered Mutual Fund has introduced Systematic Transfer Plan (STP) in all its existing open-ended schemes. For the time being, the fund house will offer STP only at monthly frequency.

Weekly dividend option (with reinvest facility) has been introduced in the Grindlays Floating Rate Fund Long Term Plan, Plan B (Institutional Plan).

Grindlays Fixed Maturity 8th Plan- Plan B did not have a single investor at the time of allotment, as a result of which the plan has been automatically wound up.