Mirae Asset Mutual Fund introduces new SIP modification facility

Mirae Asset Mutual Fund has introduced a SIP modification facility through a notice cum addendum. The new facility will offer investors the option to change SIP instalment date, SIP end date, frequency, amount of SIP, and the option without cancelling the existing registered SIP. The fund house has announced this facility with a view to provide more convenience and flexibility to the investors.

This feature will avoid all the cancellations and re-registrations of SIPs involved during different stages of the SIP modification process. In case the investor wants to modify the scheme name, then the existing SIP will be ceased and the new SIP will be registered under the same folio.

This new mechanism will be effective from June 19, 2023.

Mirae Asset Mutual Fund has announced an addendum to the scheme information documents (SIDs) / key information memorandums (KIMs) cum common application forms of all the scheme(s) as amended from time to time.

The fund house reserves the right to change / modify the terms and conditions of this modification facility or withdraw the facility. The modification facility shall be governed by the terms and conditions of the relevant scheme(s). All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the scheme information documents/ key information memorandums of the scheme(s) of the fund as amended from time to time.