In this video we will discuss how you can use systematic transfer plans (STP) of mutual funds
Edited highlights
0:06 In this video we will discuss how you can use systematic transfer plans (STP) of mutual funds
1:24 Systematic Transfer Plan or STP offered by mutual funds for any scheme be in debt scheme, equity scheme, balanced fund scheme or liquid fund
1:45 People have largely heard about systematic investment plan (SIP) where they have invested some amount regularly
1:55 In case of systematic transfer plan (STP), one can choose to transfer some mount into another fund periodically
2:03 This periodic transfer could be monthly, quarterly and it could be even weekly
2:33 STP can be of two types. It could be a fixed STP where every month, a fixed amount should be systematically transferred from one fund to another
2:41 This is called Fixed STP
2:49 The second type of STP is capital appreciation STP where the capital appreciation of a fixed amount is systematically transferred to a fund
