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.
この記事は Investors India の December 2022 版に掲載されています。
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この記事は Investors India の December 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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