Variable Transfer Plan (VTP)

Variable Transfer Plan (VTP) is a variation of Systematic Transfer Plan (STP). VTP is a facility where a unitholder can opt to transfer variable amounts from source scheme to the target scheme, based on the value of his investments in the target scheme, as on the date of transfer at pre-determined intervals.

With Variable Transfer Plan, you can now make dynamic movements in your fund's value. The amount is automatically adjusted thereby helping you avoid the hassle of continuously tracking your fund's movements.

Benefits of VTP:
  • Flexibility - Through VTP, your STP amount will be adjusted align to the current market value of your Target Scheme that allow you to put more STP amount when market is lower than previous installment
  • Rupee Cost Averaging - In VTP, investor can invest higher when the target scheme NAVs are lower and a fixed amount when the NAVs are higher in which investor take the benefit of rupee cost averaging.
  • Upgraded STP - In a rising market, VTP will be similar to SIP or STP as installment amount will be fixed. However, in falling market, VTP might be effective as it flexibly buys more units align to the market price than STP and reduce the average cost of unit

ELIGIBLE SCHEMES FOR VTP

Type

Source Scheme

Eligibility

Target Scheme

Eligibility

Equity

Mirae Asset Large Cap Fund

Yes

Mirae Asset Large Cap Fund

Yes

Mirae Asset Emerging Bluechip Fund

Yes

Mirae Asset Emerging Bluechip Fund

Yes

Mirae Asset Great Consumer Fund

Yes

Mirae Asset Great Consumer Fund

Yes

Mirae Asset Healthcare Fund

Yes

Mirae Asset Healthcare Fund

Yes

Mirae Asset Focused Fund

Yes

Mirae Asset Focused Fund

Yes

Mirae Asset Midcap Fund

 

Mirae Asset Midcap Fund

 

Hybrid

Mirae Asset Equity Savings Fund

Yes

Mirae Asset Equity Savings Fund

Yes

Mirae Asset Hybrid Equity Fund

Yes

Mirae Asset Hybrid Equity Fund

Yes

Debt

Mirae Asset Savings Fund

Yes

Mirae Asset Savings Fund

Yes

Mirae Asset Cash Management

Yes

Mirae Asset Cash Management

Yes

Mirae Asset Tax Saver Fund*

Yes

Mirae Asset Tax Saver Fund*

Yes

Mirae Asset Dynamic Bond Fund

Yes

Mirae Asset Dynamic Bond Fund

Yes

Mirae Asset Short Term Fund

Yes

Mirae Asset Short Term Fund

Yes

    

* Each Instalment ‘OUT’ of Mirae Asset Tax Saver Fund shall be subject to lock in period of 3 years from the date of allotment of Units proposed to be redeemed

For the list of schemes which are eligible for this facility and other terms and conditions, please refer to the facility form.

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