Moneycontrol
Nov 11, 2017 11:35 AM IST | Source: Moneycontrol.com

Mahindra MF to modify features of systematic transfer, withdrawal plans

Under systematic withdrawal plan, the transaction dates for monthly and quarterly frequencies will be 10th and 25th of the month

Himadri Buch @himadribuch

Mahindra Mutual Fund will revise the features of systematic transfer plan, flex systematic transfer plan, and systematic withdrawal plan, with effect from November 1, the fund house stated in a notice.

Subsequently, the transaction dates under the monthly and quarterly frequencies of systematic transfer plan, and flex systematic transfer plan will be 1st, 5th, 10th, 15th, 20th, and 25th of the month.

Under systematic withdrawal plan, the transaction dates for monthly and quarterly frequencies will be 10th and 25th of the month.

Currently, in systematic transfer plan, and flex systematic transfer plan, the monthly transaction dates are 1st, 5th, 10th, 15th, 20th, and 25th of every month, whereas, the quarterly dates are 1st, 5th, 10th, 15th, 20th, and 25th of beginning of every quarter.

Under systematic withdrawal plan, the monthly transaction dates are 10th and 25th of every month, whereas, under the quarterly frequency, it is 10th and 25th of beginning of every quarter.

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