ICICI Prudential MF introduces Daily Systematic Transfer Facility for two of its schemes

ICICI Prudential Mutual Fund has hereby made available Daily Systematic Transfer Facility to the investors/unit holders of ICICI Prudential Monthly Income Plan and ICICI Prudential MIP 25 under the dividend option of the source schemes, effective from 09 July 2010.

ICICI Prudential Monthly Income Plan and ICICI Prudential MIP 25 have been included in the existing list of source schemes whereby investor can avail daily systematic transfer facility to target schemes, wherein the specified amount subject to minimum of Rs. 250/- and in multiples of Rs. 50 can be transferred to the target schemes.

The investors/unit holders are requested to kindly refer to the Notice-cum-Addendum dated 14 June 2010 for the list of source and target schemes.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

UTI MF Introduces Micro SIP under 32 Schemes

UTI Mutual Fund has announced the introduction of Micro Systematic Investment Plan (Micro SIP) under 32 schemes with effect from 28 June 2010.

The eligible schemes are UTI-Balanced Fund, UTI-Banking Sector Fund-Regular Plan, UTI-Bond Fund, UTI-Contra Fund, UTI-Dividend Yield Fund, UTI-Energy Fund, UTI-Equity Fund, UTI-Equity Tax Savings Plan, UTI-Floating Rate Fund-Short Term Plan-Regular Plan-Growth Option, UTI-Gilt Advantage Fund, UTI-G-Sec Investment Plan, UTI-G-Sec Short Term Plan, UTI-Infrastructure Fund, UTI-Leadership Equity Fund, UTI-Liquid Fund Cash Plan-Regular-Growth Option, UTI-Master Plus Unit Scheme, UTI-Master Value Fund, UTI-Mastershare Unit Scheme, UTI-Mid Cap Fund, UTI-MIS Advantage Plan, UTI-MNC Fund, UTI-Monthly Income Scheme, UTI-Money Market Fund-Regular Plan-Growth Option, UTI-Opportunities Fund, UTI-Pharma & Healthcare Fund, UTI-Service Industries Fund, UTI-Short Term Income Fund, UTI-Top 100 Fund, UTI-Transportation & Logistics Fund, UTI-Treasury Advantage Fund-Growth Plan, UTI-Variable Investment Scheme-Index Linked Plan and UTI-Wealth Builder Fund-Series II (Retail Plan).

Minimum installment amounts under Micro SIP shall be Rs 100 and in multiples of Re 1 thereafter.

Under Monthly periodicity: Rs 100 and in multiple of Re 1 thereafter.

Under Quarterly periodicity: Rs 300 and in multiple of Re 1 thereafter.

Installments can be variable subject to a minimum of Rs 100 per installment

Source: http://www.indiainfoline.com/Markets/News/UTI-MF-Introduces-Micro-SIP-under-32-Schemes/3154724496