You have been invested in a fund for a few years. The money has been growing steadily. But you come across another fund that looks more promising and you want to move into it, without pulling fresh money out of your pocket.
That is what STP is for.
What is STP
A Systematic Transfer Plan lets you transfer a fixed amount from one mutual fund to another at regular intervals. Instead of moving everything at once, the transfer happens in smaller parts over time, while the remaining amount stays invested in the source fund.
Say you have ₹12 lakh in a fund and want to gradually move it to another. You set up an STP of ₹50,000 per month. Every month, ₹50,000 transfers automatically while the rest stays invested. No timing pressure. No lump sum moves. Just a steady, planned transfer.
For long term investors, this is a cleaner way to manage transitions than moving everything at once or delaying the decision indefinitely.
How STP works on FYERS
Setting up an STP on FYERS takes just a few steps.
Go to Portfolio and choose the mutual fund you want to transfer from
Select the destination mutual fund
Choose STP as the transaction type
Set the transfer amount, frequency, number of transfers (optional) and start date
Once set, the STP runs on the schedule you defined. You can view, modify, pause, skip, or cancel it anytime on FYERS Web or App.
For step by step guide, refer to this section on our support portal.
Try now
If you already have investments in place and want a structured way to move money over time without timing the market or making rushed calls, STP gives you that. Try it out and let us know what you think in the comment section.