Description
Sundaram Mutual Fund changes weekly SIP/STP processing from Wednesdays only to all working days effective August 4, 2025.
Summary
Sundaram Mutual Fund has announced changes to the weekly frequency feature of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) on BSE StAR MF Platform. Starting August 4, 2025, weekly SIP/STP requests will be processed on all working days instead of only on Wednesdays.
Key Points
- Weekly SIP/STP processing expanded from Wednesday-only to all working days
- Change effective from August 4, 2025
- Applies to all schemes of Sundaram Mutual Fund
- Relevant changes will be made to Scheme Information Document (SID) and Key Information Memorandum (KIM)
- All other terms and conditions remain unchanged
Regulatory Changes
Previous Policy:
- Weekly frequency SIP/STP requests processed only on Wednesday of every week
- If Wednesday was not a business day, processing moved to next business day
- Investors could choose any weekday, but default was Wednesday
New Policy:
- Weekly frequency SIP/STP requests will be processed on all working days of the week
- Provides greater flexibility for investors
Compliance Requirements
- Sundaram Asset Management Company to update SID and KIM documents
- Notice serves as addendum to existing scheme documents
- No action required from existing investors
Important Dates
- Effective Date: August 4, 2025
- Notice Date: July 29, 2025
Impact Assessment
This change enhances operational flexibility for mutual fund investors by allowing weekly SIP/STP processing on any working day rather than being restricted to Wednesdays. The modification improves investor convenience and platform efficiency without affecting the fundamental terms of the schemes.
Impact Justification
Operational improvement affecting mutual fund investors' flexibility in SIP/STP processing