Investing: Here’s how to gain from Systematic Transfer Plans (STP)

Investing: Here’s how to gain from Systematic Transfer Plans (STP)

STP makes sense when you want to transfer a large amount of money in a regular fashion without going through the lump-sum route.   Systematic Transfer Plan is a good way to invest in equity market. Similar to an SIP (systematic investment plan), STP invests systematically over a period in a particular fund in a fixed frequency. But unlike an SIP, money gets transferred from another scheme instead of a bank account. Investors can put a lump sum amount in liquid funds or ultra-short term fund & transfer a fixed…

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