What is a systematic transfer plan in mutual funds?
A systematic transfer plan (STP) is a way to invest in mutual funds wherein an investor sets up a plan to periodically transfer money from one fund to another. The money is transferred at predefined intervals (weekly, monthly, etc.) and helps the investor take advantage of market movements.
Who uses the STP facility typically?
STPs are often used by investors who want to invest in equity mutual funds but are worried about volatility in the stock markets. By starting an STP, the investor can transfer small amounts
of money into an equity mutual fund every week or month. This averaging out of investment costs is called rupee cost averaging, and it helps to reduce the risk of investing in equity mutual funds.
What is Turbo STP?
Aditya Birla Sun Life AMC Limited (ABSLAMC) Turbo Systematic Transfer Plan (“Turbo STP”) is a facility wherein unit holder(s) can opt to transfer variable amount(s) from source Scheme(s) to Target Scheme(s) at defined intervals.
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Diese Geschichte stammt aus der December 2022-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Dear Sir, I attended your webinar on post-retirement financial planning. As advised by your good self, I invested in NPS after retirement.
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