Systematic Transfer Plan (STP)

What is STP?

STP refers to Systematic Transfer Plan where in an investor invests a lump sum amount in one scheme and regularly transfers a pre-defined amount into another scheme. A debt fund normally assures you of fairly consistent returns, while equities have the potential to create wealth. But the unpredictability in equity funds can be quite a deterrent when you make a choice. To combine the best of both worlds, we suggest Systematic Transfer Plans.

Options

Investor have following option to transfer:

  • DAILY STP: Transfer on every working day.
  • WEEKLY STP: Transfer on every Friday (Minimum Rs.500)
  • MONTHLY STP: Transfer on either of 1st, 10th, 15th or 20th (Minimum Rs.1000/month)
  • QUARTERLY STP: Transfer on either of 1st,10th,15th or 20th (Minimum Rs.3000/qtr)
  • (Above dates/options may differ from AMC to AMC and schemes to schemes)
CERTIFIED FINANCIAL PLANNER,CFP are owned by Financial Planning Standard Board Ltd.(FPSB)outside the United States. FPSB India is the marks licensing authority for the CFP marks in India through agreement with the FPSB. Copyright © | Software solutions for financial planners by Wolters Kluwer.