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STP = VTPThe New Formula for Smart Investing.
Mirae Asset Variable Transfer Plan (VTP)With Mirae Asset Variable Transfer Plan, you can now make dynamic movements in your fund's value
work to your advantage. This facility calibrates the transfer amount based on your target scheme's
fund's value on the date of transfer. What more, this amount is automatically adjusted thereby helping
you avoid the hassle of continuously tracking your fund's movements.
How does this facility work?
The following table illustrates the working of VTP in comparison to a regular STP.
As is evident, investing
through VTP route
reduced the average cost
of investment. The
average cost for VTP is
Rs.8.94 per unit instead of
Rs.9.14 per unit for STP.
DateIllustrated
NAV*
Jan 11
Feb 11
Mar 11
Arp 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
10
9.5
9.1
8.7
8.1
7.75
8
8.3
9
10
11
12
VTP Amount
If Invested Through VTP Route
5000
5250
5421
5659
6380
6080
5000
5000
5000
5000
5000
1210
500.0
552.6
595.7
650.5
787.7
784.5
625.0
602.4
555.6
500.0
454.5
100.8
60000
Units Alloted STP Amount
5000
If Invested Through STP Route
60000
500.0
526.3
549.5
574.7
617.3
645.2
625.0
602.4
555.6
500.0
454.5
416.7
Units Alloted
6709.3 6567.1Total
Average Cost Rs.8.94 Rs.9.14
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
+ refers to the added advantage VTP offers as compared to a traditional Systematic Transfer Plan.
*The above NAV figures are plotted for explanation purposes only and does not have relation to any scheme of the fund
Advised by:
Benefits
Schemes eligible for VTP facility
?Allows you to make higher investments when the target scheme’s funds value is at attractive levels?Enjoy the power of compounding ?Choose your investment frequency - Daily, Weekly, Fortnightly, Monthly, Quarterly
Mirae Asset Global Investments (India) Pvt. Ltd.thUnit No. 606, 6 Flr., Windsor Building, Off C. S. T. Rd., Kalina, Santacruz - (E), Mumbai - 400098.
* [email protected] www.miraeassetmf.co.in
( 1800 1020 777 (Toll free) SMS ‘INVEST’ to 9243000300
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
NAV Applicability
Investment Details
For a VTP date falling on a Friday or any business day where next day is Non business day, for Liquid
Funds (MACMF), the NAV applicability shall be next business day for target scheme and the NAV of
the day preceding the next business day for source scheme. In case of Debt funds (MASTBF), the NAV
applicable shall be the transaction date NAV for both source and target scheme.
?Minimum amount in the source scheme: Rs.25,000/-?Flexibility to choose the frequency of transfers
?In case of VTP - Daily, Weekly and Fortnightly Interval, the commencement date shall be within 7
business days from the date of receipt of a valid request?The application for enrollment for VTP - Monthly & Quarterly Interval should be submitted at least
10 business days before the commencement date of the same
Frequency VTP dates
Daily Monday - Friday
Weekly Every Wednesday
Fortnightly Every Alternate Wednesday
Monthly
Quarterly Rs.1500/-
st th th st th1 , 10 , 15 , 21 , 28
st th th st th1 , 10 , 15 , 21 , 28
Min amount Min. no. of VTP required
Rs.1000/-
Min. 6 installmentsRs.1000/-
Rs.1000/-
Rs.1000/-
Min. 4 installments
Source Schemes Target Schemes
Mirae Asset India Opportunities Fund
Mirae Asset Emerging Bluechip FundMirae Asset Cash Management Fund / Mirae Asset Short Term Bond Fund
Mirae Asset China Advantage Fund
Mirae Asset India-China Consumption Fund
Mirae Asset Global Commodity Stocks Fund