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expand S T P
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Answer / vedant
stp is systematic transfer plan
if you want to reedem units of mutual fund rather than
transfering all the amounts into other scheme you use a
systematic transfer plan where in you wtransfer a fixed
amount every month from 1 fund to another
eg-stp of 5000 per month from equity fund to a debt fund.
note-stp is only possible between two schemes of same mutual
fund.
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