Birla Sun Life MF introduces Value STP and CATP
By News Desk | Mar 23, 2016
Birla Sun Life Mutual Fund has introduced Value Systematic Transfer Plan (Value STP) and Capital Appreciation Transfer Plan (CATP) with effect from March 23, 2016.
Value STP is a facility wherein Unit holder(s) of eligible open-schemes of Birla Sun Life MF can opt to systematically transfer amount(s), which may be based on the value of investments already made/transferred under this facility, on the date of transfer at pre-determined intervals from open-ended Schemes(s) of the Fund to the Growth Option of open-ended equity Scheme(s) of the Fund.
CATP is a facility wherein the Unit holder(s) can opt for the Systematic Transfer Plan by providing instruction to transfer capital appreciation at regular intervals - Monthly or Quarterly under the open-ended Scheme(s) of the Fund (except Birla Sun Life Gold ETF and Birla Sun Life Nifty ETF).