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FAQ

12. Systematic Transfer Plan

1) What is Systematic transfer plan (STP)?
2) Does entry and exit load apply in STP?
3) How do I register for an STP with Fundsupermart.com?
4) Can I terminate an STP before its tenure ends? What is the process?
5) What is the turnaround time for terminating the STP?
6) Can I place an STP application from one fund to multiple funds within the same AMC?
7) When will the STP be processed?


Q: What is Systematic transfer plan (STP)?

A: STP stands for Systematic Transfer Plan. STP permits investors to periodically transfer a specified sum from one scheme to another within the same fund house. In an STP, the transfer is considered as a redemption of units from the first scheme i.e., the scheme from which the transfer is made (transferor fund).The redemption proceeds are invested into the second scheme (transferee fund). For instance, you can invest a lumpsum in a liquid or short-term debt fund and do a STP into an equity fund. You can specify the fund where the money will be transferred, the amount and the date.
 
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Q: Does entry and exit load apply in STP?

A: The loads are applicable as per the procedure followed by an AMC. There is no entry load but if the transferor fund levies exit loads then it will be applicable. For more details, please refer the offer document/ scheme information document/ statement of additional information.
 
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Q: How do I register for an STP with Fundsupermart.com?

A: To register for an STP with Fundsupermart.com you need to open account with us.

Login to your account > Go to tab SYSTEMATIC TRANSACTION > Apply STP > Select the fund house > Select the Fund Name > Read and agree on term and condition, click next > Select the folio number (if you already hold that fund in your FSM account) > Enter STP amount > Enter No. of installments > Choose STP Date > Click on confirm.
 
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Q: Can I terminate an STP before its tenure ends? What is the process?

A: You can terminate an STP whenever you wish to and there are no charges.

To terminate STP you need to log in to your account under the tab Transactions Systematic Transaction > View / Renew plan > click on Terminate link for the fund which you wish to terminate STP > enter your login password and click on Terminate.

Please note: STP termination request needs to be sent 5 working days prior to your next STP date. Instructions received after the specified STP date will take effect on the next contribution date.
 
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Q: What is the turnaround time for terminating the STP?

A: On receipt of the request it takes 5 working days to terminate an STP.
 
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Q: Can I place an STP application from one fund to multiple funds within the same AMC?

A: Yes, you can have STPs from one fund to multiple funds within the same AMC. However, for every STP registration with a new transferee fund, there would have to be a fresh request on the FSM platform.

For eg:
1. STP registration request can be set up for from Fund A to Fund B
2. For fund C, register a new STP from Fund A to Fund C
 
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Q: When will the STP be processed?

A: The STP transaction will be processed on the date selected by you every month while creating the STP transaction.

For eg: If you have registered the STP on 30th and the STP date selected is 7th of every month, then the transaction will be processed on 7th of every month.
 
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