Wednesday, April 17, 2013

Choose the STP route for lump sum investments

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

A Systematic Transfer Plan is useful when you have a big amount to invest in equity...

 

A Systematic Transfer Plan (STP) is the most suitable route to park big investments. We suggest an STP over lump sum investment as it reduces the possibility of catching any market peaks. For instance, if you invest in a high phase of markets and make abnormally huge returns, you would be tempted to invest in the same manner again. Your next investment may not be able to fetch as much returns or may just plunge because of markets or other factors. Following an STP also inculcates a belief in disciplined investing.

 

To go about an STP transfer, firstly you should deposit your money in a debt or liquid fund. Next you need to instruct the concerned fund house to transfer say Rs 1,000 monthly or quarterly from the debt fund to the chosen equity scheme. An STP is almost like an SIP into another fund, the only difference being that money is transferred from one fund to another, instead of going from your bank account. You can choose any liquid fund to start an STP, but the choice of equity fund will depend on your risk appetite.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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  1. ICICI Prudential Tax PlanInvest Online
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  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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