News From Press All you need to know about systematic transfer plans

All you need to know about systematic transfer plans

Source: The Economic Times Jan 14, 2016

1. What is a Systematic Transfer Plan (STP)?

Under STP, you invest a lump sum amount in one scheme and regularly transfer a pre-defined amount into another scheme, on a specified date. The mutual fund will reduce the number of units equal to the amount you have specified from the scheme you intend to transfer money. At the same time, the amount that is transferred will be utilised to buy the units of the scheme you intend to transfer money into, at the applicable net ..

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