How to initiate STP/SWP?
Print
Modified on: Wed, 5 Jul, 2023 at 6:04 PM
After the client has made investments on the AssetPlus platform, you will have the option to initiate STPs and SWPs for the client.
A Systematic Transfer Plan (STP) allows you to periodically transfer a certain amount from one mutual fund scheme to another mutual fund scheme of the same mutual fund house.
A Systematic Withdrawal Plan (SWP) is a mutual fund investment plan, through which investors can withdraw fixed amounts at regular intervals.
Step 1 -
On the partner dashboard, in the quick action section click on Initiate Transaction.
Step 2 -
Search for the client and click on Create Transaction.
Step 3 -
On the Create transaction tab, click on STP or SWP.
Initiating STP
On the add STP tab, enter from Scheme name, To Scheme, Folio number, Installment amount, Installment count, and Frequency
Then click on Initiate.
Initiating SWP
On the add SWP tab, enter from Scheme name, Folio number, Installment amount, Installment count, Start Date, and Frequency.
Then click on Initiate.
After clicking on Initiate, the client will receive an approval link on email/SMS.
We need to send an approval link to the client. Until the client approves, the request will remain in the pending section.
The client will receive the approval link to the registered mobile number via SMS.
Once the client clicks on the link, it’ll be redirected and the client needs to verify the details, click on approve the transaction and enter the OTP which will be sent to the client's registered Email ID/SMS.
Once the client approves it STP/SWP will be registered. To check whether the client has approved the request or not, you can check on the Pending Tab.
Please note
You can initiate multiple transactions and send a single approval link.
After the client approves the transaction, you can check the same under Client Panel -> Orders
To view all pending transactions that you have initiated and their approval status, check Client Panel -> Pending
The approval links will be valid only for 24 hours.
Did you find it helpful?
Yes
No
Send feedback Sorry we couldn't be helpful. Help us improve this article with your feedback.