Description
Unifi Mutual Fund reduces minimum STP instalments from 12 to 6 for their Liquid Fund on BSE StAR MF Platform.
Summary
Unifi Mutual Fund has revised the minimum number of instalments for Systematic Transfer Plan (STP) under their Liquid Fund from 12 instalments to 6 instalments. This change applies to both Direct and Regular Plans under the Growth Option and will be effective from a date to be announced in 2025.
Key Points
- Minimum STP instalments reduced from 12 to 6 for Unifi Liquid Fund
- Change applies to both Direct and Regular Plans under Growth Option
- Minimum STP amount remains Rs. 1000 with multiples of Re. 1/-
- Monthly frequency for STP continues unchanged
- STP dates can be any day except 29th, 30th, and 31st
- All other terms and conditions of the scheme remain unchanged
Regulatory Changes
This is an addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Unifi Liquid Fund. The application forms for the scheme will be modified accordingly to reflect the reduced minimum instalment requirement.
Compliance Requirements
- Updated application forms will reflect the new STP minimum instalment numbers
- The addendum forms an integral part of the SID/KIM documents
- All scheme-related documents need to be read carefully by investors
Important Dates
- Effective Date: To be announced in 2025
- Current Status: Notice issued on August 21, 2025
Impact Assessment
This change makes STP more accessible to investors by reducing the minimum commitment period from 12 months to 6 months. It provides greater flexibility for investors in Unifi Liquid Fund while maintaining the same minimum investment amount. The impact is limited to Unifi Mutual Fund investors and does not affect broader market operations.
Impact Justification
Operational change affecting single mutual fund scheme with limited market impact