Description
Sundaram Mutual Fund modifies weekly SIP and STP processing frequency 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 changes from Wednesday-only to all working days
- Change affects Scheme Information Document (SID) and Key Information Memorandum (KIM)
- Effective date: August 4, 2025
- Announced by Sundaram Trustee Company Limited
- All other terms and conditions remain unchanged
Regulatory Changes
Previous Process:
- Weekly frequency SIP/STP requests processed only on Wednesday of every week
- If Wednesday was not a business day, processing occurred on next business day
- Investors could choose any weekday, but default was Wednesday
New Process:
- Weekly frequency SIP/STP requests processed on all working days of the week
- Provides greater flexibility for investors
Compliance Requirements
- Sundaram Mutual Fund to update SID and KIM documents
- Addendum forms integral part of scheme documents
- No additional compliance requirements for investors
Important Dates
- Announcement Date: July 29, 2025
- Effective Date: August 4, 2025
Impact Assessment
This change provides operational flexibility for Sundaram Mutual Fund investors by allowing weekly SIP/STP processing on any working day rather than restricting to Wednesdays. The impact is limited to Sundaram MF scheme investors and represents an improvement in service delivery rather than a regulatory burden. Market-wide impact is minimal as this affects only one fund house’s operational procedures.
Impact Justification
Operational change affecting only Sundaram MF investors, improves processing flexibility but has limited market-wide impact