How does the Power STP work?

Step 1: Decide on the total amount to be invested into equities Step 2: Choose the Equity Fund from the Fincare services Select Fund List Step 3: The entire amount is temporarily parked in a safe debt fund from the same fund house (where you want to invest into equity) Step 4: Set up your Power STP Monthly Transfer Amount = Total amount/12 (i.e split into 12 monthly installments). For example: if your corpus is Rs. 12 lakhs, your STP amount will be Rs. 1 lakh. Step 5: Each and every month based on the Fincare services Valuemeter, the algorithm decides the monthly equity multiplier - 0x to 6x. The designated Power STP Monthly Transfer Amount is multiplied by the equity multiplier and the resulting amount will be moved from the debt portion into equities for that particular month. For example: If the Monthly Transfer Amount is Rs. 1 lakh and the equity multiplier given by the algorithm is 3, Rs. 3 lakhs will be moved from debt to equities. Step 6: This transfer will happen every month till the entire amount in the debt fund is completely deployed into the equity fund.