The Systematic Investment Plan (SIP), Systematic Transfer Plan (SIP) and Systematic Withdrawal Plan (SIP) are all associated with mutual funds and often confuse retail investors. While Systematic Investment Plan (SIP) is a mode of payment in mutual fund schemes and Systematic Withdrawal Plan (SWP) is just opposite of SIP, a mode of withdrawal/redeeming units from the funds. The Systematic Transfer Plan (STP) is a method of transferring money from one mutual fund plan to the other in a systematic manner periodically.

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