||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 (source fund).The redemption proceeds are invested into the second scheme (target 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.