Aditya Birla Sun Life Mutual Fund introduces daily SIP facility in 30 schemes
Synopsis
The fund house said that under daily SIP, the investor can invest a fixed amount into the scheme on a daily basis. The minimum amount under daily SIP shall be Rs 100 and in multiples of Re 1 thereafter with minimum 60 instalments.
By Surbhi Khanna, ET Online
Aditya Birla Sun Life Mutual Fund has introduced daily frequency under SIP facility in 30 mutual fund schemes. The fund house informed about this to its unitholders through a notice-cum-addendum.
Investors can avail daily SIP through online mode i.e. through website and mobile application of the fund house and other digital platforms as may be decided from time to time.
The fund house further stated that daily SIP shall be processed on all business days. The SIP instalment will be skipped if it falls on a non-business day for the scheme(s) or on a day which is not available in a particular month.
The unitholders were further informed that the sampoorna SIP facility, step-up SIP, SIP pause and reinstatement of SIP pause facility would not be available for daily SIP.
All other terms and conditions of the SIP facility applicable under existing frequencies shall also apply to daily SIP. The fund house reserves the right to change/modify the features of daily SIP in future. This notice-cum-addendum forms an integral part of the SID / KIM issued for the schemes read with the addenda issued thereunder. All other features and terms & conditions of the SID / KIM of the schemes shall remain unchanged.
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This facility will be effective from March 19. - Aditya Birla Sun Life Arbitrage Fund
- Aditya Birla Sun Life Asset Allocator FoF
- Aditya Birla Sun Life Banking and Financial Services Fund
- Aditya Birla Sun Life Balanced Advantage Fund
- Aditya Birla Sun Life Business Cycle Fund
- Aditya Birla Sun Life Digital India Fund
- Aditya Birla Sun Life Dividend Yield Fund
- Aditya Birla Sun Life Equity Advantage Fund
- Aditya Birla Sun Life Equity Hybrid ‘95 Fund
- Aditya Birla Sun Life Equity Savings Fund
- Aditya Birla Sun Life ESG Integration Strategy Fund
- Aditya Birla Sun Life Focused Fund
- Aditya Birla Sun Life Flexi Cap Fund
- Aditya Birla Sun Life Frontline Equity Fund
- Aditya Birla Sun Life India GenNext Fund
- Aditya Birla Sun Life Infrastructure Fund
- Aditya Birla Sun Life Liquid Fund
- Aditya Birla Sun Life Manufacturing Equity Fund
- Aditya Birla Sun Life Midcap Fund
- Aditya Birla Sun Life MNC Fund
- Aditya Birla Sun Life Multi Asset Allocation Fund
- Aditya Birla Sun Life Multi-Index Fund of Funds
- Aditya Birla Sun Life Multi-Cap Fund
- Aditya Birla Sun Life Pharma & Healthcare Fund
- Aditya Birla Sun Life PSU Equity Fund
- Aditya Birla Sun Life Pure Value Fund
- Aditya Birla Sun Life Regular Savings Fund
- Aditya Birla Sun Life Small Cap Fund
- Aditya Birla Sun Life Special Opportunities Fund
- Aditya Birla Sun Life Transportation and Logistics Fund
FEATURED FUNDS
The fund house further stated that daily SIP shall be processed on all business days. The SIP instalment will be skipped if it falls on a non-business day for the scheme(s) or on a day which is not available in a particular month.
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Investors will have the right to discontinue the SIP facility at any time by submitting a request for cancellation. On receipt of such a request from the investor, the SIP facility will be cancelled within 10 calendar days.ADVERTISEMENT
The SIP registration will be discontinued in cases where three consecutive instalments are not honored. The unitholders were further informed that the sampoorna SIP facility, step-up SIP, SIP pause and reinstatement of SIP pause facility would not be available for daily SIP.
All other terms and conditions of the SIP facility applicable under existing frequencies shall also apply to daily SIP. The fund house reserves the right to change/modify the features of daily SIP in future. This notice-cum-addendum forms an integral part of the SID / KIM issued for the schemes read with the addenda issued thereunder. All other features and terms & conditions of the SID / KIM of the schemes shall remain unchanged.