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Thursday, June 5, 2014

What are the types of Mutaul Fund STPs?

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What are the types of STPs?

STPs are offered in three variants – fixed, capital appreciation and swing.

In a fixed STP, predetermined amounts are regularly transferred from the source scheme to the target scheme. Let's assume that an investor has invested Rs 1 lakh in an equity scheme, and wants to transfer Rs 20,000 to a debt scheme every month. If the NAV for the debt scheme is Rs 100 in the 1st month, the investor will be allotted 200 units of the debt scheme. If the NAV of the debt scheme falls to Rs 50 in the next month, the investor will get 400 units. The transfer continues until all the units in the source scheme are transferred to the target fund.

In a capital appreciation STP, only capital gains (a percentage or the entire profit margin, as per the investor's choice) are transferred to the target scheme. However, this option is only available with growth plans and not with dividend payout schemes. Assume that an investor has invested Rs 1 lakh in an equity fund with an NAV of Rs 100. This gives the investor 1,000 units. If the NAV goes up by Rs 20, and the investor wants a transfer of 50% of the capital gains, Rs 10,000 will be transferred to the target fund.

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