We are aware that there are two ways to make mutual fund investments 鈥?lump sum or through Systematic Investment Plan (SIP). But are you aware of the concept Systematic Transfer Plan (STP)?
Systematic Transfer Plan is a system wherein you move a fixed amount of money from one mutual fund scheme to another. Ideally [url=http://www.teamtitansshop.com p an STP?
Follow the guide to set-up the Systematic Transfer Plan (STP): 鈥?Fill the form at the concerned AMC mutual fund house and submit it. If you want to use the online method, you can fill them up on the AMC site as well 鈥?In the form, you have to mention details like date of the STP Adoree' Jackson Titans Jersey , duration of the STP, and the STP amount 鈥?Uploadfurnish the essential documents along with the form
What is the tax system under STP?
STPs tax system is dependent on two factors 鈥?the type of fund you are transferring the money to and the holding period. STPs are usually treated as a redemption and taxed accordingly.
Most of the STPs are taxed at your slab rate since they are liquid funds. Since the returns from such funds are usually not at a higher price, the actual tax payable rate is not large.
A Systematic Transfer Plan (STP) does carry exit load charges. However, most of the STPs transfer money from the liquid fund to an equity fund Corey Davis Titans Jersey , so there is no scope for exit load as most of the fees are towards debt funds.
Total Views: 41Word Count: 464See All articles From Author Tucked up in the north east corner of Bastrop County almost to the Lee County line is the sleepy little "burb" of Paige. The elevation is approx. 535', the weather is moderate year round. The school system is Bastrop ISD and depending on where you live kids might attend Lost Pines Elementary, Bastrop Middle School or Bastrop High school. Paige proper is not much bigger than a total of 18 blocks and as is typical of small Texas towns there are still some beautiful old vintagehistoric homes and buildings still standing or still in use. The area surrounding Paige is a mix of rural residential properties and farm and ranch land. Horse enthusiasts covet the sandy loam soil that can be found in parts of Paige such as out Old Potato Road, or Old Pin Oak Harold Landry Titans Jersey , or Antiock and Cardinal Roads. Paige was established in 1872 along the Houston and Texas Central Rail. The old abandoned rail line is still there which runs along side parts of Old Highway 20 and would make a great section of "Rails for Trails" as it is not in use at all now. Paige was named after one of the civil engineers that worked on the railway. There was a rail station in Paige up until 1876 and then it was moved to its present location approximately 3 miles to the east. There is a volunteer fire department which was established in 1982 along with the Paige Community Center, and Paige has had a Post Office in town since1874. In those days the majority of the population was of German heritage as was much of the Central Texa ] Cheap Nike Air Max 90