What is the primary difference between SIP and STP? Option: SIP is for investment, while STP is for transferring funds between schemes, SIP is suitable for short-term goals, while STP is suitable for long-term goals, SIP is managed by individual investors, while STP is managed by financial advisors, SIP is for high-risk investments, while STP is for low-risk investments

<< Back

Hi

Show Ans

i

What is the primary difference between SIP and STP?

SIP is for investment, while STP is for transferring funds between schemes

SIP is suitable for short-term goals, while STP is suitable for long-term goals

SIP is managed by individual investors, while STP is managed by financial advisors

SIP is for high-risk investments, while STP is for low-risk investments

<< Back

Hi

Show Ans

i

What is the primary purpose of a Systematic Transfer Plan (STP)?

To invest a fixed amount in a mutual fund at regular intervals

To transfer funds from one mutual fund scheme to another

To guarantee a specific rate of return on a mutual fund investment

To withdraw funds from a mutual fund on a regular basis

<< Back

Hi

Show Ans

i

What is the primary function of a Systematic Transfer Plan (STP)?

"To provide a guaranteed return on investment regardless of market fluctuations."

"To automatically invest a fixed amount in a single mutual fund scheme at regular intervals."

"To facilitate the transfer of funds between schemes managed by different asset management companies."

"To enable investors to periodically move funds between schemes within the same asset management company."

<< Back

Hi

Show Ans

i

What does STP stand for in the context of mutual funds?

"Strategic Trading Platform"

"Standard Trading Procedure"

"Security Transaction Protocol"

"Systematic Transfer Plan"

<< Back

Hi

Show Ans

i

What is a Systematic Transfer Plan (STP) in the context of mutual funds?

Investing a lump sum amount in a mutual fund

Transferring money from one mutual fund scheme to another

Withdrawing money from a mutual fund scheme

Transferring money from a savings account to a mutual fund

<< Back

Hi

Show Ans

i

What does SIP stand for in the context of mutual fund investments?

Structured Investment Program

Systematic Investment Plan

Standard Investment Procedure

Simple Investment Portfolio