What is Systematic Transfer Plan (STP)?
What is Systematic Transfer Plan (STP)?
A. Under an STP, a fixed amount of your capital is automatically transferred at regular pre-determined intervals (monthly or quarterly) from one mutual fund scheme to another scheme of the same fund house. For example - if you have received a lump sum amount and if you wish to invest the same in an equity-oriented fund through an SIP, you can first invest the entire amount in a liquid fund. You can then issue an instruction to the mutual fund to transfer a pre-determined sum of money at pre-determined intervals from the liquid fund to the equity fund. Alternatively, if you have invested in an equity scheme and would like to book gains at regular intervals, you could instruct the mutual fund to transfer only the capital appreciation on a regular basis to a liquid fund. To know more, click here, our Relationship Manager will get in touch with you shortly.
I get it now! This is what my friend just started doing. She is putting a part of her salary in SIP and has already started talking about Capital gain Bonds as recently sold some property. I find her, so organized at times.
ReplyDeleteYour writing has impressed me. It’s simple, clear and precise. With this blog you really took our attention .
ReplyDeleteThanks
Red Vision
.Small investment can affect your financial condition so you do tax planning on time, it is important because unnecessary expenditure stops. Life Insurance Advisors Patna says that due to increment in inflation rate we need financial planning so we think also about contingency fund, insurance, term goals and short Insurance is an insurance coverage that pays out a certain amount of money to the insured or their specified beneficiaries upon a certain event such as death of the individual who is insured.
ReplyDeleteThis comment has been removed by the author.
ReplyDelete