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Investment Options

Daily & Weekly STP

Previously, daily and weekly STPs were limited for Magnum InstaCash Fund, Magnum Instacash fund – Liquid Floater Plan And Magnum Balanced Fund and all open ended equity schemes. Now the facility has been extended to SBI Gold Fund, SBI PSU fund and SBI Infrastructure-Series I.

Terms and Conditions:

The process would remain the same as the existing daily and weekly STP options for open ended equity schemes.

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Fixed End Period SIP

This facility offers a selection of Fixed End Period in the SIP form. Previously, in the SIP investment form you needed to fill "SIP start date" and "SIP end date". Calculating an end date for tenure of 3 years or 5 years was cumbersome & inconvenient. The new form will have additional columns of 3 years, 5 years, 10 years and 15 years apart from existing custom end date and perpetual options.

It will be convenient for investors to select the appropriate option as per their investment requirement to commit for long term SIP. This facility can be availed in all schemes in which SIP facility is currently being offered.

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Top-Up SIP

Top-up SIP is a facility whereby an investor has an option to increase the amount of the SIP Installment by a fixed amount at pre-defined intervals. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP.

Terms and conditions of top-up SIP are as follows:

  • The Top-up option must be specified by the investors while enrolling for the SIP facility.
  • The minimum SIP Top-up amount is Rs. 500 and in multiples of Rs. 500.
  • The Top-up details cannot be modified once enrolled. In order to make any changes, the investor must cancel the existing SIP and enroll for a fresh SIP with Top-up option.
  • In case of Monthly SIP, Half-yearly as well as Yearly frequency are available under SIP Top-up. If the investor does not specify the frequency, the default frequency for Top-up will be considered as Half-yearly.
  • In case of Quarterly SIP, only the Yearly frequency is available under SIP Top-up.
  • Top-up SIP will be allowed in all schemes in which SIP facility is being offered.
  • All other terms & conditions applicable for regular SIP will also be applicable to Top-up SIP.
  • SIP Top-up facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct debit facility only.

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FLEX-Systematic Transfer Plan

Flex Systematic Transfer Plan is a facility wherein an investor under a designated open-ended scheme can opt to transfer variable amounts linked to the value of his investments on the date of transfer at pre-determined intervals from designated open-ended (source scheme) to the growth option of another open-ended scheme (target scheme). This facility allows investors like you to take advantage of movements in the market by investing higher when the markets are low and vice-versa.

Terms and conditions of Flex STP are as follows:

The amount to be transferred under Flex STP from source scheme to target scheme shall be calculated using the below formula:

Flex STP amount = [(fixed amount to be transferred per installment x number of installments already executed, including the current installment) - market value of the investments through Flex STP in the Transferee Scheme on the date of transfer]

  • The first Flex STP installment will be processed for the fixed installment amount specified by the investor at the time of enrolment. From the second Flex STP installment onwards, the transfer amount shall be computed as per formula stated above.
  • Flex STP would be available for Monthly and Quarterly frequencies.
  • Flex STP is not available from “Daily / Weekly” dividend plans of the source schemes.
  • Flex STP is available only in “Growth” option of the target scheme.
  • If there is any other financial transaction (purchase, redemption or switch) processed in the target scheme during the tenure of Flex STP, the Flex STP will be processed as normal STP for the rest of the installments for a fixed amount.
  • A single Flex STP enrollment Form can be filled for transfer into one Scheme/Plan/Option only.
  • In case the date of transfer falls on a Non-Business Day, then the immediate following Business Day will be considered for the purpose of determining the applicability of NAV.
  • In case the amount (as per the formula) to be transferred is not available in the source scheme in the investor’s folio, the residual amount will be transferred to the target scheme and Flex STP will be closed.
  • The request for flex STP should be submitted at least 10 calendar days before the first STP date.
  • All other terms & conditions of Systematic Transfer Plan are also applicable to Flex STP.

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Trigger Facility

Trigger is a specific event, on occurrence of which the funds from one scheme will be automatically redeemed and/or switched to another scheme as specified by the investor. A trigger will activate a transaction/alert when the event selected for, has reached a value equal to or greater than (as the exact trigger value may or may not be achieved) the specified particular value (trigger point).

Types of Triggers:

NAV Appreciation / Depreciation Trigger : Under this facility, Investor can indicate NAV appreciation or depreciation in percentage terms for exit trigger. The minimum % NAV appreciation or depreciation is 5% and in multiples of 1% thereafter. On activation of the trigger the applicable NAV for the transaction will be of the day on which the trigger has been activated.

Index Level Appreciation / Depreciation Trigger : Under this facility, investor would indicate the Sensex level as the trigger to redeem/ switch from one scheme to another. The Sensex level to be indicated in multiples of 100 only. In case indicated otherwise, it will be rounded off to nearest 100 points. The investor may choose the Sensex level above or below the current level.

Capital Appreciation / Depreciation : Under this facility, investors will be given the option to indicate the capital appreciation / depreciation in monetary terms to activate the trigger. Minimum Capital Appreciation / Depreciation should be Rs. 10,000 & in multiples of Rs. 1000 thereafter.

Terms and conditions of Trigger facility are as follows:

  • The Trigger option mandate will be registered on T+10 basis.
  • Minimum investment amount under the “Trigger Facility” is Rs. 25,000/- and in multiples of Rs. 1 thereafter.
  • Combination of trigger facilities is not permitted. The investor may choose only one of the available triggers.
  • The specified trigger will fail, if the investor(s) do not maintain sufficient balance in source scheme(s) on the trigger date. Trigger will also not get executed in case units are under pledge / lien.
  • Trigger facility shall be applicable subject to exit load, if any, in the transferor schemes.
  • Investor cannot modify a Trigger registration once submitted. Investor must cancel the existing Trigger option and enroll for a fresh Trigger option.
  • In case Trigger is not activated within one year of application, the Trigger registration will cease to exist. In such cases, investor(s) would have to register fresh trigger mandates.
  • In case investor(s) redeem part or full amount or switch the amount from source scheme, the trigger facility would cease to exist.

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