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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 Banking and Financial Services Fund | Yes | Mirae Asset Banking and Financial Services Fund | Yes |
Mirae Asset Emerging Blue Chip Fund | Yes | Mirae Asset Emerging Blue Chip Fund | No | |
Mirae Asset Focused Fund | Yes | Mirae Asset Focused 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 Large Cap Fund | Yes | Mirae Asset Large Cap Fund | Yes | |
Mirae Asset Midcap Fund | Yes | Mirae Asset Midcap Fund | Yes | |
Mirae Asset Tax Saver Fund | Yes | Mirae Asset Tax Saver Fund | Yes | |
Balanced | Mirae Asset Arbitrage Fund | Yes | Mirae Asset Arbitrage Fund | Yes |
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 Banking and PSU Debt Fund | Yes | Mirae Asset Banking and PSU Debt Fund | Yes |
Mirae Asset Cash Management Fund | Yes | Mirae Asset Cash Management Fund | Yes | |
Mirae Asset Corporate Bond Fund | Yes | Mirae Asset Corporate Bond Fund | Yes | |
Mirae Asset Dynamic Bond Fund | Yes | Mirae Asset Dynamic Bond Fund | Yes | |
Mirae Asset Money Market Fund | Yes | Mirae Asset Money Market Fund | Yes | |
Mirae Asset Overnight Fund | Yes | Mirae Asset Overnight Fund | Yes | |
Mirae Asset Savings Fund | Yes | Mirae Asset Savings Fund | Yes | |
Mirae Asset Short Term Fund | Yes | Mirae Asset Short Term Fund | Yes | |
Mirae Asset Ultra Short Duration Fund | Yes | Mirae Asset Ultra Short Duration Fund | Yes | |
ETF | MIRAE ASSET ESG SECTOR LEADERS ETF | No | MIRAE ASSET ESG SECTOR LEADERS ETF | No |
MIRAE ASSET HANG SENG TECH ETF | No | MIRAE ASSET HANG SENG TECH ETF | No | |
MIRAE ASSET NYSE FANG+ ETF | No | MIRAE ASSET NYSE FANG+ ETF | No | |
Mirae Asset S&P 500 TOP 50 ETF | No | Mirae Asset S&P 500 TOP 50 ETF | No | |
Mirae Asset Nifty 50 ETF (MAN50ETF) | No | Mirae Asset Nifty 50 ETF (MAN50ETF) | No | |
Mirae Asset Nifty Financial Services ETF | No | Mirae Asset Nifty Financial Services ETF | No | |
MMirae Asset Nifty India Manufacturing ETF | No | MMirae Asset Nifty India Manufacturing ETF | No | |
Mirae Asset Nifty Midcap 150 ETF | No | Mirae Asset Nifty Midcap 150 ETF | No | |
Mirae Asset Nifty Next 50 ETF (MANXT50ETF) | No | Mirae Asset Nifty Next 50 ETF (MANXT50ETF) | No | |
FOF | MIRAE ASSET HANG SENG TECH ETF FUND OF FUND | No | MIRAE ASSET HANG SENG TECH ETF FUND OF FUND | No |
Mirae Asset NYSE FANG+ETF Fund of Fund | No | Mirae Asset NYSE FANG+ETF Fund of Fund | No | |
Mirae Asset S&P 500 TOP 50 ETF Fund of Fund | No | Mirae Asset S&P 500 TOP 50 ETF Fund of Fund | No | |
Mirae Asset ESG Sector Leaders Fund Of Fund | Yes | Mirae Asset ESG Sector Leaders Fund Of Fund | Yes | |
Mirae Asset Equity Allocator Fund of Fund | Yes | Mirae Asset Equity Allocator Fund of Fund | Yes | |
Mirae Asset Nifty India Manufacturing ETF Fund of Fund | Yes | Mirae Asset Nifty India Manufacturing ETF Fund of Fund | Yes | |
Index | Mirae Asset Nifty SDL Jun 2027 Index Fund | Yes | Mirae Asset Nifty SDL Jun 2027 Index 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.
