Feb. 17, 2021, 10:10 p.m.
Key Points :
(1)As the name suggest, Transfer - It is a systematic transfer of funds from one plan to another instantaneously and without any hassles.
(2)This Transfer occurs periodically and hence helps an investor to gain market advantage by shifting to securities that offer a higher return.
(3)It helps an investors during market fluctuations to minimize the loss.
(4)Funds can only be transferred to other schemes which are managed under the same Asset Management Companies(AMC), means inter shifting b/w various schemes offered by different AMC's are not allowed.
(5)Types of STP :
(i) Flexible STP : the amount to be transferred are decided by the investor as and when the need arises.
(ii) Fixed STP : Total amount to be transferred is decided by the investor and it remains fixed.
(iii)Capital systematic transfer plans : transfer the capital gain of a fund to another fund with a high potential for growth.
Key Points :
(1)As the name suggest, Transfer - It is a systematic transfer of funds from one plan to another instantaneously and without any hassles.
(2)This Transfer occurs periodically and hence helps an investor to gain market advantage by shifting to securities that offer a higher return.
(3)It helps an investors during market fluctuations to minimize the loss.
(4)Funds can only be transferred to other schemes which are managed under the same Asset Management Companies(AMC), means inter shifting b/w various schemes offered by different AMC's are not allowed.
(5)Types of STP :
(i) Flexible STP : the amount to be transferred are decided by the investor as and when the need arises.
(ii) Fixed STP : Total amount to be transferred is decided by the investor and it remains fixed.
(iii)Capital systematic transfer plans : transfer the capital gain of a fund to another fund with a high potential for growth.