This website is purely ACADEMIC in nature and NOT a stock market recommendation service or a tip provider. No live data or feeds are provided and all information is historic only. Information is provided for ease of understanding for the purpose of learning. Accuracy of definitions etc is not mantained. I am not a SEBI or IRDA registered.

Systematic Transfer Plan

From Asuku.com
Revision as of 05:13, 5 March 2017 by Cooleo (talk | contribs) (Created page with "{{Alphabets}} 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 ma...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to:navigation, search
HomePersonal FinanceMutual FundsEquity

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.

Got it?

Related Topics