| Basic |
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| Ideal Investment |
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More than year
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| Plans offered |
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Plan A (Regular Plan) - Available for investment by all categories of investors with a minimum application amount of Rs 500/- & in multiples of Re 1/- thereafter
Plan B (Institutional Plan) - Available for investment by non individuals only with a minimum application amount of Rs 1 crore & in multiples of Re 1/- thereafter
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| Dividend option |
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| NAV Frequency |
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Each Business day. (That is Monday to Friday)
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| Options under both the Plans |
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Growth
This option is suitable for investors who are not looking for regular income. If Units under this option are redeemed after they have been held as a capital asset for a period of at least one year from the date of acquisition, Unitholders will get the benefit of the long-term capital gains tax.
Dividend
This option is suitable for investors seeking income through dividend declared by the Scheme Reinvestment facility is also available
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| Dividend Frequency |
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Under this Option, the Fund will endeavour to declare dividends on a quarterly (March, June, September & December), half yearly (March & September) and annual basis (March).
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| Purchase |
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| Cheque to be drawn on |
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SCASBF - Plan A / B " crossed "A/c payee only" and payable locally at centers where CAMS ISCs and SCMF offices are present.
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| Cut-off time for purchase |
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An application will be considered accepted subject to it being complete in all respects and received for subscription prior to 3:00 pm on that business day and submitted at the official points of acceptance of transactions. For details please refer to the Key Information Memorandum (KIM) or the website at www.standardcharteredmf.com
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| Demand drafts |
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Investor with cheques payable from all non CAMS ISC / SCMF offices locations have to bear demand draft charges.
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| Systematic Investment Plan |
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Rs.500 & in multiples of Rs.1 and minimum of 6 monthly post dated cheques / 4 quarterly post dated cheques dated 10th of each month / quarter.
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| Minimum Application amount |
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| Minimum application amount |
| For new investors |
| For existing investors, additional investment in multiples |
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| SCASBF - Plan A |
| Rs 500/- |
| Rs. 1/- |
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| SCASBF - Plan B |
| Rs 1 crores |
| Rs. 1/- |
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| Redemtion |
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| Minimum redemption amount |
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In multiples of Re 1/-
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| Entry Load |
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NIL
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| Exit Load |
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Plan A
Plan A-0.60% of NAV on units purchased/switched upto Rs 25 lacs and redeemed within 6 months from the date of purchase/switch.
Plan B
NIL
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| Minimum Balance in account |
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Rs 500
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| Cut off time for redemptions and Redemption turn around time |
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In cities where official points of transaction are located
The mutual fund will endeavor to send the redemption proceeds to investors who submit completed redemption requests at the official points of transaction of the AMC/CAMS, the very next business day (i.e on T +1 basis).
Redemption proceeds may be paid in the form of a cheque or a Direct credit (for investors having bank accounts with banks with whom the fund has a direct credit arrangement) subject to submitting the request by 3.00 pm at the official point of acceptance of transactions.
Redemption cheques will be ready for pick up at the official points of acceptance of transactions and in case investors are unable to collect the cheque the same day the cheque will be couriered to the address mentioned in the account statement.
In other cities where official points of acceptance of transactions are not located
In cities where the official points of transaction of the AMC/CAMS are not located the cut-off time is 3:00 pm. The mutual fund will endeavor to courier the redemption cheque from CAMS, Chennai the very next business day.
As per regulation in any case the redemption proceeds will be paid within 10 business days from the date of acceptance of the request.
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| Direct Credit for redemption |
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ABN Amro Bank, Citibank, Deutsche Bank, Global Trust Bank, HDFC Bank, HSBC, ICICI Bank, IDBI Bank, Standard Chartered Bank and UTI Bank.
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