IDFC Mutual Fund has introduced a new variant of systematic transfer plan (STP), aimed at helping investors tide over market volatility.
The new strategy - PE STP - allows investors to make allocations to a fund depending on the price to earnings ratio (PE) of the stock market bellwether Sensex.
"This innovation from IDFC AMC allows investors to make the best of stock market movements. The PE ratio is a well accepted indicator of valuation, and through this simple yet effective strategy, investors can benefit from potentially better returns with higher allocations when markets are cheap, and lower allocations when markets are relatively expensive," Kalpen Parekh, Managing Director, Sales & Marketing at IDFC MF said in a statement.
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