Through our STP you can choose to switch your investments from one Kotak Mutual scheme to another at a predefined frequency by giving a one-time instruction to us. You also have a choice between switching a fixed sum or only the appreciation on your investments.
This facility caters to two segments of investor needs :
1) Investors wanting to time their exposure in the equity markets over a period of time instead of a point in time. Such investors can invest in our Debt Schemes and choose a periodic transfer of investments into our equity schemes.
2) Investors who are already invested in equity wanting to book profits regularly and allowing the profits to earn returns in any of our Debt schemes.
- mark Minimum 6 Transfers (in case of Daily, it would be 12)
- mark Frequency available Daily / Weekly / Monthly / Quarterly
- mark Choice of Day - For Daily / Weekly - Any business day.
- mark Choice of Date - For Monthly / Quarterly - Any business date
- mark Facilitates to plan your investment in any of our debt schemes at the same time gives opportunity to have a little exposure of our equity funds by investing regularly with out taking much of risk.
- mark Allows transferring a fixed amount or capital appreciation, except Daily STP is only available under fixed Amount Option (Fixed STP) and will not be applicable under capital appreciation STP (Variable STP) on any business day/date. For investors in our equity schemes STP is an excellent tool for booking the gains and transferring them to a less volatile debt scheme. Such investors may choose to opt the appreciation option of STP. Ideally, STP should be opted from the growth options of our schemes/plans.
- Minimum amount
- Minimum installment amount to be transferred through this facility should be at least ` 6000/- per year or that which matches the minimum investment amount of the said schemes whichever is higher for the said year.
- Minimum Installments
- 6, In case of Daily STP: Minimum 12 transfers of Rs. 500/- each and in multiples of ` 1000/- thereafter.
- SIP Frequency
- Daily, Weekly ,Monthly or Quarterly
- Choice of Day/Dates
- Any business day/date
- Scheme Available
- All Open-Ended schemes except Exchange Traded Funds. In case of Kotak Tax Saver scheme, STP will be available for free units only.
Entry & Exit Loads
- Entry Load
- Exit Load
- For redemption, please refer the Scheme Information Document of the irrespective scheme.