ICICI Pru MF introduces STP Booster Systematic Transfer Plan: ICICI Prudential Mutual Fund introduced a Systematic Transfer Plan (STP) which allows unit holders to transfer varying amounts from a single source scheme to a specific target scheme at stipulated time intervals based on market valuations .
Through this increased STP, a very small amount of the main fee is invested when the equity valuation is considered expensive. On the contrary, when the valuation is considered cheap, the investment will be of relatively high value.
ICICI Pru MF introduces STP
The objective of the scheme of Systematic Transfer Plan (STP) is to take advantage of the market potential by segmenting the group as it arises. Booster STP is a more advanced and systematic transfer scheme that allows unit holders to transfer different amounts as per market conditions.
What is SIP?
What is SIP? SIP stands for Systematic Investment Plan, which is a method of investing a specified amount at regular intervals in a mutual fund plan.
For example, you can put $1,000 per month into a mutual fund. It is a systematic investment strategy that helps in reducing the risk of market volatility. It is a useful tool that helps you protect your wealth as well as allows you to build a great fortune over time.
By taking advantage of rupee cost averaging and expanding your savings with compound interest, a SIP investment can help you achieve your financial goals. Depending on the equity valuation index, Booster STP can adjust the premium amount from 0.1 to 5 times the amount of the basic premium.
ICICI Prudential Mutual Fund Systematic Transfer Plan-STP
As per the Enhanced Systematic Transfer Scheme, ICICI Prudential Mutual Fund, this facility divides the investment pool so as to access market opportunities efficiently as small premiums are invested when valuations are large and large premiums are invested when valuations are low. investment is made.
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When equity valuations are deemed expensive, a small portion of the underlying premium is invested through enhanced STP. Conversely, if the valuation is assumed to be low, the investment will have a higher value. Unitholders will have to pay monthly basic premium which will be transferred to the target plan.
Equity Valuation Indicator is used to determine the variable amounts or the actual amounts transferred to the target plan.
Understand what is STP?
To illustrate the profit, the company used the following example: If the initial premium is Rs 1,000, the investment ranges from Rs 10,000 to Rs 5,000,000 (0.1 times to five times) depending on the market valuation. The multiplier (0.1 to five times) is calculated using the equity valuation index of the mutual fund company.
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What is PE, PB and GDP?
Equal weighting has been given to Price to Earnings (PE), Price to Book (PB), (G-sec x PE), Market Value of Gross Domestic Product (GDP) or other parameters specified by the AMC from time to time. Equity Valuation Index. An extended working plan has three characteristics: finding the right opportunity, taking advantage of the opportunity, and sizing the opportunity.