Systematic Purchase Plan (SPP) is a unique facility offered by MFU, using which you can schedule recurring future purchases with flexible payment options and have convenient ability to modify or cancel the same at your will.
Systematic Redemption Plan (SRP) is a unique facility offered by MFU, using which you can schedule recurring future redemption transactions with a convenient ability to modify or cancel the same at your will.
Systematic Switch Plan (SSP) is a unique facility offered by MFU, using which you can schedule recurring future switch transactions with a convenient ability to modify or cancel at your will.
SPP/ SRP/ SSP help manage future cash flow situations better at any given time and partners will be able to serve their investors in an efficient and smart manner. This feature offers high flexibility when compared to the Traditional Systematic transactions (SIP / SWP / STP).
Advantages of SPP, SRP & SSP vs Traditional SIP, SWP & STP
| SPP/SRP/SSP |
Traditional SIP / SWP / STP |
| Standardisation of transaction and installment rules. |
No standardization. |
| Start date can be as early as T+1 (Immediate registration). |
15 days’ lead time is required. |
| Any Frequency. |
Very limited options. No Standardisation. Frequencies differ for different Funds. |
| Any day instalment. |
Limited Specific Dates, Lacks flexibility, No Standardisation. Different funds have different dates. |
| No Minimum number of instalments requirement, can be a single future dated transaction. |
Minimum instalments mandated. No Standardisation. Different rules for different funds. |
| Choice of approval option. One-time approval or approval of each transaction. |
Not available. |
| Option to choose to approve / reject every future instalment. |
Not available. |
| Option to choose a payout bank other than default bank in case of SRP. |
Not available under SWP. |
| Cancellation on a click of a button. |
Cancellation may take at least 10 days. |
| Enjoy freedom of transaction. |
No freedom till it is cancelled. |
| Modification permitted anytime before the first instalment is triggered. |
No modification allowed. |
| Top-Up facility available across all funds. |
Available only in Specific funds. |