Switch is a facility that is allowed to investors for ease of transactions. However, each switch transaction is subject to long term / short term capital gains in the hands of the investor based on holding period and type of scheme.
Systematic Withdrawal Plan (SWP) is a facility for periodic or recurring redemptions. This facility allows unit holders to withdraw sums from an existing scheme at periodic intervals.
Systematic Transfer Plan (STP) is a facility for periodic redemption from one scheme and investment into another scheme of the same fund.
STP allows unit holders to transfer fixed sums from an existing scheme to another scheme of the same mutual fund at specified intervals.
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