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Systematic Transfer Plan
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STP allows switching funds from one scheme to another
Allowed STP Dates are: 01,07,14,21,28
The dates differ from one AMC to another.
For instance assume i made Rs. 25000 investment in a debt fund
I want to switch Rs. 5000 to equity fund per month
So, i will give that switch instruction here
I will give an instruction that on 1st of every month, switch Rs. 1000
Then i will add another STP instruction
I will give an instruction that on 7th of every month, switch Rs. 1000
This way, i will give 5 instructions for 5 differnent dates
So every week, 1k will get transfered.
When there no funds in your debt fund. the stp automatically gets stopped.
So i just make sure that when ever i get some big amount, i put it into debt fund.
And switches will automatically take place.
Switch gets stopped when debt fund dosent have minimum money.
- Introduction to Mutual Funds
- Mutual Fund Units
- New Fund Offer (NFO)
- Ongoing New Fund Offers (NFO)(List updated on Mar 2, 2017)
- Net Asset Value or NAV
- Know Your Customer / KYC
- Expense Ratio
- Systematic Investment Plan and Compounding effect
- Systematic Transfer Plan (STP)
- Systematic Withdrawal Plan (SWP)
- SIP vs Lumpsum Investments
- DIRECT plan vs REGULAR plan
- GROWTH option vs DIVIDEND option