Description
Sundaram Mutual Fund modifies weekly SIP and STP frequency processing from Wednesdays only to all working days of the week.
Summary
Sundaram Mutual Fund announces changes to weekly frequency features of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) processing. Previously limited to Wednesdays only, weekly transactions will now be processed on all working days of the week, effective August 4, 2025.
Key Points
- Weekly SIP/STP processing expanded from Wednesday-only to all working days
- Change affects all schemes of Sundaram Mutual Fund
- Modification to Scheme Information Document (SID) and Key Information Memorandum (KIM)
- Enhanced flexibility for investors with weekly investment preferences
Regulatory Changes
Previous Policy:
- Weekly frequency SIP/STP requests processed only on Wednesday of every week
- If Wednesday was non-business day, processing on next business day
- Default processing day was Wednesday if investor didn’t select specific day
New Policy:
- Weekly frequency SIP/STP requests processed on all working days of the week
- Greater flexibility for investors to choose any working day
Compliance Requirements
- Relevant changes will be incorporated in SID and KIM documents
- All other terms and conditions remain unchanged
- This addendum forms integral part of scheme documents
Important Dates
- Effective Date: August 4, 2025
- Announcement Date: July 29, 2025
Impact Assessment
Positive Impact:
- Enhanced convenience for investors with weekly SIP/STP preferences
- Greater flexibility in transaction timing
- Improved customer experience on BSE StAR MF Platform
Operational Impact:
- Fund house operational adjustments for daily processing capability
- System updates required for expanded processing schedule
- Minimal disruption expected as it’s an enhancement rather than restriction
Impact Justification
Operational enhancement for mutual fund investors improving transaction flexibility