We all know we can start a systematic investment plan (SIP) in mutual fund and shares where we invest a certain amount for a long period.
After accumulation of wealth, we have the option of systematic withdrawal plan (SWP) where we can plan our withdrawal of a certain amount monthly, quarterly or yearly.
When we near our retirement, we can transfer our accumulated wealth from a equity fund to a debt fund. Systematic transfer plan (STP) is the process to transfer the money monthly, quarterly or yearly.
If we want to change from one fund to another, we can switch it partially or wholly.
After accumulation of wealth, we have the option of systematic withdrawal plan (SWP) where we can plan our withdrawal of a certain amount monthly, quarterly or yearly.
When we near our retirement, we can transfer our accumulated wealth from a equity fund to a debt fund. Systematic transfer plan (STP) is the process to transfer the money monthly, quarterly or yearly.
If we want to change from one fund to another, we can switch it partially or wholly.
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