MFIs/MFDs/RIAs are hereby informed that we have received communication from Mirae Mutual Fund regarding restriction on subscription through Systematic Investment Plan (SIP) & Systematic Transfer Plan (STP) under Mirae Asset Emerging Bluechip Fund on BSE StAR MF Platform with effect from close of business hours (15:00) of November 06, 2020
Further, as intimated by Mirae AMC, MFIs/MFDs/RIAs are hereby advised to adhere below investment amount criteria to avoid rejections and refund payout.
· Fresh Registration through SIP shall be allowed for a maximum of up to Rs.2,500(Rupees Two Thousand Five Hundred) through Monthly mode cumulatively aggregated across all available SIP Dates of each month (at Primary holder PAN level) before the applicable cut off time on any business day.
· SIP shall not be available through Quarterly mode under the scheme and remains suspended.
· The limit of Rs.2,500/- through SIP route (Monthly mode) shall be aggregated and will be applicable at primary holder PAN level for each new application received. Also, note that all applications made differently in the name of the minor and in the name of the guardian under the same PAN will be considered as applications submitted under the same PAN, for the purpose of aggregation of investment at AMC end and the said threshold will be applicable collectively.
· Further, any clients who has active SIP’s (aggregated at primary PAN) for an amount of Rs.25,000/-; such clients should not register further SIP under the scheme.
· STP facility shall not be available under any frequency in the Scheme and is temporarily suspended.
The notice cum addendum issued by Mirae AMC is attached.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds |