Systematic Transfer Plan (STP) is a mutual fund facility where you can invest funds in one mutual fund scheme, then transfer systematically fixed amounts every month to another mutual fund scheme.
STP works by redeeming units of the source scheme to generate the instalment amount required to invest in the target scheme. The number of units of source scheme redeemed for each STP instalment depends on the STP amount and the prevailing NAV of the source scheme on the STP date.
Mirae Asset’s STP calculator can tell you how many units of the target scheme you can purchase through your STP.
Answer: - You can select schemes of Mirae Asset MF from the drop down menu. You should select a scheme based on your risk appetite and investment needs and tenure. If your target scheme is of high volatility, then select a low volatility scheme (e.g. overnight, liquid, ultra-short duration funds). You should be mindful of exit loads when selecting your source scheme. Check the exit load in the scheme information document (SID) available on the AMC website.
Answer: - You can select schemes of Mirae Asset MF from the drop down menu. You should select a scheme based on your risk appetite and investment needs.
Answer: - You should enter the date on which you want to make the STP payment. Anecdotal evidence shows that no great advantage is gained by selecting one particular date of month for STP over another. Select any date as per your choice.
Answer: - You need to first determine tenure of your STP. Your transfer amount can be the initial investment amount divided by the number of periods (months/ or quarter) in your STP.
Answer: - We have two options – monthly and quarterly. Select a period based on your tenure.
Disclaimer : The calculators are based on assumed rate of returns and meant for illustration purposes only. Some of the features may or may not be currently available for investments in our funds and facilities. The calculators are designed to assist you to get a better understanding on how returns would have panned out in various scenarios. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. In the preparation of the calculator, Mirae Asset 战雄电竞 (MAMF) has tied up with Advisorkhoj who have developed and integrated the calculator with our website. The calculator uses information that is publicly available and information developed in-house. Information gathered and material used in this calculator is believed to be from reliable sources. MAMF however does not warrant the accuracy, reasonableness and/or completeness of any such information. The examples do not purport to represent the performance of any security or investments. It is neither an investment advice nor should it be construed as indicative of any of the schemes of Mirae Asset 战雄电竞 . Invest as per your risk appetite and time horizon. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax advisor before taking any investment decision. Contact your financial advisor for detailed insight into the investment advice. Mirae Asset Investment Managers (India) Private Limited (“Mirae AMC”) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind.