I am interested to invest in Mirae Asset Emerging Bluechip Fund through STP route. From your recent article on Mid and Small Cap Funds dated 16th Oct 2017, it is not clear if the limit of Rs. 25000 is per trade day of per month? Somewhere else it says STP into this fund is not allowed. Please clarify?
Mirae Asset Emerging Bluechip Fund is accepting investments through SIP, STP, VTP and TRIP plans. The limit is maximum Rs 25,000 per instalment. The following is explained on their website -
“.....However fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP)/Systematic Transfer Plan (STP)**/ Mirae Asset Variable Transfer Plan (VTP)/Mirae Asset Trigger Investment Plan (TRIP)/Mirae Asset Group Investment Plan (GRIP) shall be allowed for a maximum of upto Rs.25,000/- (Rupees Twenty Five Thousand) per each instalment/execution per trade date before the cut off time of 15:00 hours”. Further, the said limit of Rs.25,000/- through all or any of the Systematic Route shall be applicable at PAN level for each Investor. Source https://www.miraeassetmf.co.in/funds/mirae-asset-emerging-bluechip-fund
Therefore, you can do STP into this fund with a limit of Rs 25,000 per instalment.
Hope the above clarifies.
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