Description
Sundaram Mutual Fund announces changes to weekly SIP and STP processing frequency, expanding from Wednesday-only to all working days effective August 4, 2025.
Summary
Sundaram Mutual Fund has announced changes to the weekly frequency processing of Systematic Investment Plans (SIP) and Systematic Transfer Plans (STP). Previously processed only on Wednesdays, weekly SIP/STP requests 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 applies to all schemes of Sundaram Mutual Fund
- Investors previously had option to choose any weekday but default was Wednesday
- New system processes requests on all working days Monday through Friday
- Non-business day requests will be processed on next business day
Regulatory Changes
Amendment to Scheme Information Document (SID) and Key Information Memorandum (KIM) for all Sundaram Mutual Fund schemes to reflect the new weekly processing schedule.
Compliance Requirements
- Sundaram Asset Management Company to update all relevant scheme documents
- Investors to be informed of the operational change
- All other terms and conditions of scheme documents remain unchanged
Important Dates
- Effective Date: August 4, 2025
- Circular Date: July 29, 2025
Impact Assessment
Positive operational impact for investors with increased flexibility in weekly SIP/STP processing. The change enhances investor convenience by allowing weekly transactions to be processed on any working day rather than being restricted to Wednesdays. No impact on market structure or regulatory compliance requirements.
Impact Justification
Operational change affecting investor convenience but not market structure or compliance