Description

Sundaram Mutual Fund expands weekly SIP and STP processing from Wednesday-only to all working days effective August 4, 2025.

Summary

Sundaram Mutual Fund has announced changes to its weekly Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) processing frequency. Previously processed only on Wednesdays, these 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 applies to all schemes of Sundaram Mutual Fund
  • Investors previously had option to choose any weekday but default was Wednesday
  • Non-business day transactions will still be processed on next business day
  • Scheme Information Documents and Key Information Memorandums will be updated accordingly

Regulatory Changes

Previous System:

  • Weekly frequency SIP/STP requests processed only on Wednesday of every week
  • Investors could choose any weekday but default processing was Wednesday

New System (Effective August 4, 2025):

  • Weekly frequency SIP/STP requests processed on all working days of the week
  • Enhanced flexibility for investor transaction processing

Compliance Requirements

  • Sundaram Asset Management Company will update Scheme Information Documents (SID) and Key Information Memorandums (KIM)
  • 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
  • Circular Publication: August 5, 2025

Impact Assessment

Positive Impact:

  • Increased flexibility for investors in SIP/STP processing
  • Better distribution of transaction processing load across the week
  • Enhanced customer experience with more frequent processing options

Operational Impact:

  • Limited to Sundaram Mutual Fund schemes only
  • Requires system updates and documentation changes
  • No impact on other mutual fund houses or broader market operations

Impact Justification

Operational enhancement that improves investor flexibility but affects limited scope of Sundaram MF investors only