What does STP mean?
In STP, the investor instructs Zerodha Fund House to transfer the specified amount from one scheme to another scheme at predetermined intervals.
What are the pre-defined frequencies for STP?
Interval can be daily, weekly, fortnightly, monthly or quarterly.
What is the minimum amount for STP?
Under the daily option, the minimum amount is Rs 100 and in multiples of Rs 100.
Under weekly, fortnightly or monthly option minimum amount is Rs 1000 and in multiples of Rs 100.
Under the quarterly option, the minimum amount is Rs 3000 and in multiples of Rs 100.
What will be the applicable exit load for STP?
Please refer to the scheme details for exit load applicability. Also, refer to the Account statement for the exit load applicable to your investments.
What if the minimum balance is not available In the source scheme at the time of enrolment/registration?
The STP will not get registered if the minimum balance is not available in the source scheme.
What is the minimum number of transfers available In STP?
The minimum number of transfers available is two and in the case of daily STP, the minimum number of transfers is one month.
How can an investor register the STP?
Investors need to fill out the STP enrollment form to register the STP by login into the website.
How can an investor opt for the cancellation of STP?
Investors can cancel the STP by login into the website under the systematic transaction tab.
Under what conditions will there be an auto termination of STP?
STP will cease automatically once the transferable balance reaches zero.
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