Description

Sundaram Mutual Fund changes weekly SIP and 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) processing. Effective August 4, 2025, weekly SIP/STP requests will be processed on all working days of the week instead of only on Wednesdays.

Key Points

  • Weekly SIP/STP processing expanded from Wednesday-only to all working days
  • Change affects all schemes of Sundaram Mutual Fund
  • Investors gain more flexibility in timing their systematic investments
  • Default processing day remains Wednesday if no specific day is selected
  • Non-business day transactions will be processed on the next business day

Regulatory Changes

Previous Policy:

  • Weekly frequency SIP/STP requests processed only on Wednesday of every week
  • Investors could choose any weekday (Monday-Friday) but processing occurred on Wednesday

New Policy:

  • Weekly frequency SIP/STP requests processed on all working days of the week
  • Maintains investor choice of any weekday with actual processing on chosen day

Compliance Requirements

  • Scheme Information Document (SID) and Key Information Memorandum (KIM) will be updated to reflect changes
  • All other terms and conditions remain unchanged
  • This addendum becomes integral part of scheme documents

Important Dates

  • Effective Date: August 4, 2025
  • Notice Date: July 29, 2025

Impact Assessment

Positive Impact:

  • Enhanced flexibility for investors in timing their systematic investments
  • Improved customer experience with more processing options
  • Better alignment with investor preferences for specific weekdays

Operational Impact:

  • Mutual fund company must process transactions on all working days instead of batch processing on Wednesdays
  • Potential increase in operational efficiency through distributed processing
  • No impact on investment returns or fund performance

Impact Justification

Operational improvement for mutual fund investors providing more flexibility in SIP/STP processing