Can I start a Systematic Transfer Plan (STP) or Systematic Withdrawal Plan (SWP) on FundsGenie? | Step-by-Step Guide

Yes, you can start a Systematic Transfer Plan (STP) on FundGenie. However, Systematic Withdrawal Plan (SWP) is currently not available online and requires assistance from a branch.

Systematic Transfer Plans Vs Systematic Withdrawal Plan

An STP allows you to transfer a fixed amount between two funds within the same AMC, at regular intervals, helping you move money gradually instead of all at once.

Whereas, s Systematic Withdrawal Plan (SWP) allows investors to withdraw a fixed amount from their mutual fund investment at regular intervals over a specified period.

How to place STP (Systematic Transfer Plan) order through FundsGenie App ?

- Tap on the 'Portfolio' icon given at the bottom banner.
- Your 'Portfolio Summary' will be located at the top section.
- Tap on the arrow mark given next to the Portfolio Summary
- You will be navigated to your Mutual Fund Holdings Page.
- Click on any fund you wish to transfer.
- Scroll down to find the options button.
- Tap on it and you will be provided with two options - STP & Fund Switch.
- Select STP or Systematic Transfer Plan.
- Now you will land on the STP order page.
- In the “Transfer to” field, search and select the mutual fund where you want the money to be transferred.
- Next enter the amount you want to transfer.
- Choose the date of the month when the transfer should happen.
- Enter number of months and number of transfers.
- Check all details: target fund, amount, date, duration.
- Tap Continue to confirm your STP order.

To start a Systematic Transfer Plan (STP) on FundsGenie web platform :

Step 1. Log in to FundsGenie and go to My Portfolio

Step 2. Select More next to the desired fund name under My Investments / Investments Outside Geojit

Step 3. Click STP

Step 4. Enter the required STP Amount, Order Type (Physical / Demat), Investment Frequency, Investment Day (Date) & Tenure > Proceed

Step 5. Select the fund you wish to switch/transfer to > Proceed

If your order type is Physical, you will be required to authenticate the order through the email/SMS sent to your contact details registered with the folio.

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