Most investors know what systematic investment plans and systematic withdrawal plans are. But not a lot of them know about systematic transfer plans.

There isn’t much difference between a systematic investment plan and a systematic transfer plan. When a person invests in a systematic transfer plan, he/she invests a lump sum amount in a debt fund. This amount then gets transferred to an equity fund on a regular basis.

Thus, what are the benefits of systematic transfer plans? Are there any tax implications of investing in systematic transfer plans? What should investors consider while investing?

Join us in this episode of Mutually Yours to understand what systematic transfer plans are.