Moneycontrol
Nov 11, 2017 11:50 AM IST | Source: Moneycontrol.com

Mahindra Mutual Fund to introduce any-day SIP in all schemes from Nov 1

Currently, investors can enroll for SIP facility with monthly, quarterly, only by choosing specified dates

Himadri Buch @himadribuch

Mahindra Mutual Fund will allow investors to choose random days for investments through systematic investment plan (SIP) under all its schemes with effect from November 1, a notice from the fund house stated today.

Currently, investors can enroll for SIP facility with monthly, quarterly, only by choosing specified dates--1st, 5th, 10th, 15th 20th, and 25th or all 6 dates as SIP debit date.

Recently, Motilal Oswal Mutual Fund started a similar feature under six of its equity schemes.

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