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Cholamandalam MF introduces STP Facility


Cholamandalam Mutual Fund has introduced Systematic Transfer Plan (STP) for investment in below-mentioned funds. With effect from August 8, 2005, STP facility will be available for transfer of funds from Chola Monthly Income Plan and Chola Income Plus to any of the following schemes:

Cholamandalam Growth Fund Chola Midcap Fund Chola Opportunities Fund Chola Multi-Cap Fund Chola Global Advantage Fund

STP facility will be available on a monthly or quarterly basis on 5th, 15th or 25th of a month. Exit load, as applicable to the scheme from which the funds are transferred, will be levied at the time of transfer. The scheme to which the funds are transferred will not charge any entry load. However, an exit load of 2.25 per cent will be charged if the amount so transferred is redeemed within one year from the date of transfer.