Mirae Asset Emerging Bluechip Fund allows SIP on all 5 dates

Mirae Asset Emerging Bluechip Fund will start accepting SIP on all the five registration dates. That is, 1st, 10th, 15th, 21st or 28th of each month before the cut off time of 3 pm on any business day. The changes will be effective from October 22.

Currently, the scheme allows single SIP date on 10th of each month.
Also, as per the existing provision, investors were allowed only monthly SIP in the scheme. As per the revised provision, investors will be allowed monthly as well as quarterly SIPs.

The scheme will also allow Systematic transfer Plan (STP) on weekly, forthnightly, monthly and quarterly basis. However, it does not allow the daily frequency under STP. The effective date remains same as above.

Currently, the scheme does not allow STP facility.