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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.
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
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.
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
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 | No | |
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 | Yes | Mirae Asset Midcap Fund | Yes | |
Mirae Asset Tax Saver Fund* | Yes | Mirae Asset Tax Saver Fund* | Yes | |
Mirae Asset Arbitrage Fund | Yes | Mirae Asset Arbitrage Fund | Yes | |
Mirae Asset Equity Allocator FoF | Yes | Mirae Asset Equity Allocator FoF | Yes | |
Balanced | 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 Overnight Fund | Yes | Mirae Asset Overnight 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 | |
Mirae Asset Banking and PSU Debt Fund | Yes | Mirae Asset Banking and PSU Debt 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.
