A Systematic Transfer Plan (STP) helps you to regularly move your holdings from one scheme to another within the same Fund House and Folio.
For e.g. you can invest a large amount in a Liquid Fund of one scheme and move to the Equity Fund of the same fund house every week, month or quarter.
To set up an STP
1. Go to the “SIP, STP & SWP” page
2. Go to the “STP” tab and click on the “Add STP” button.
3. Choose the source scheme from which you wish to set up STP and your target scheme
4. Enter the required details i.e. the folio number, STP amount, frequency, STP date and number of transfers
5. Verify the details and confirm.
6. Once OTP verification is completed your SIP order will be placed.
Once done, you can click on the cart icon on the top right corner on the Dashboard and you will be able to see all the funds that have existing STPs.