Description
Bandhan Mutual Fund revises weekly SIP frequency options, allowing investors to choose any weekday (Monday-Friday) or fixed dates (7, 14, 21, 28) with Wednesday as default.
Summary
Bandhan Mutual Fund has modified the weekly frequency feature for Systematic Investment Plans (SIP) across all open-ended schemes on the NSE MF Invest Platform. The changes provide investors with more flexible options for weekly SIP scheduling, effective August 19, 2025.
Key Points
- Weekly SIP frequency options expanded to include any weekday (Monday to Friday)
- Investors can still choose fixed dates (7, 14, 21, 28) as previously available
- Default day set as Wednesday if no specific day is selected
- Changes apply to all open-ended schemes of Bandhan Mutual Fund offering SIP facility
- SIP transactions will be processed on next business day if selected day falls on non-business day
Regulatory Changes
- Modification to Statement of Additional Information (SAI), Scheme Information Document (SID), and Key Information Memorandum (KIM)
- Updated weekly SIP frequency options as per Notice-cum-Addendum no. 40 of 2025
- All other terms and conditions remain unchanged
Compliance Requirements
- NSE members informed of the changes for implementation on NSE MF Invest Platform
- Fund house documentation updated to reflect new SIP frequency options
- Investors to be made aware of enhanced weekly SIP scheduling flexibility
Important Dates
- Effective Date: August 19, 2025
- Addendum Issue Date: August 13, 2025
- NSE Circular Date: August 18, 2025
Impact Assessment
Minimal market impact as this is a procedural enhancement affecting only SIP scheduling options for Bandhan Mutual Fund schemes. The change provides greater flexibility to investors in timing their weekly investments but does not affect fund performance, fees, or investment strategy. Limited to operational improvements on the NSE MF Invest Platform.
Impact Justification
Procedural change affecting only SIP frequency options for one mutual fund, limited operational impact