If you look at this investment in a normal STP for a long period, then its value has been Rs 17,16,488 in it.
That is, a return of 14.19 percent is being given, while the value of investment of Rs 12 lakh in a normal STP for a short time has reached Rs 17,22,978. If you invest in Mutual Fund’s STP i.e. Systematic Transfer Plan, then for this you should also know about Booster STP. Statistics show that this scheme helps in increasing your return on investment. As the name suggests, booster here means a plan to accelerate returns. Also Read: Ujjwala 2.0: Pradhan mantri ujjwala yojana form online apply 2021 | PMUY Second phase starts pm ujjwala yojana list 2021 know here
ICICI Prudential Mutual Fund, one of the largest fund houses in the country, has launched Booster STP. If we look at its returns, it is known that if someone has invested Rs 12 lakh in Booster STP in January 2019, then it has reached Rs 21,41,997 on 21 July 2021. That is, the annual average rate of return (CAGR) has been 25.1%. You are getting more than 25% return on your deposits in a year and Booster STP from ICICI Prudential Mutual Fund can help in this. Also Read: Govt give information about present status of electronic vehicles (e-vehicles) in India
How much profit in long and short term
If the same investment is seen in normal STP for a long period, then its value has been Rs 17,16,488 in it. That is, a return of 14.19 percent is being given, while the value of investment of Rs 12 lakh in a normal STP for a short time has reached Rs 17,22,978. Returns are being given at the rate of 15% CAGR on short-term investments. Accordingly, investors are getting good profits from STP. Also Read: DGCA alert to passengers planning to travel abroad to check fares on airlines website DGCA Advice
This is the first feature of the mutual fund industry has been launched. This is a feature that enhances the Systematic Transfer Plan (STP) only. In this, the unit holder of the fund can transfer his money from one scheme to another scheme after a time, depending on the valuation of the market. For this, the unit holder will need to pay the amount of base installation which he wants to transfer to another scheme. Also Read: Now you will be able to buy pizza, ice cream and coffee with bitcoin in India, this company started a new service
You can start investing with a small amount
A small amount can also be invested in the expensive market through the Booster STP scheme of ICICI Prudential. On the contrary, when there is a cheap investment opportunity in the market, then investment should be increased. For example, if the base installment amount is Rs 1 lakh, then it should be invested between 1 times to 5 times. Meaning 10 thousand rupees to 5 lakh rupees should be invested. It should be based on market valuation. Also Read: Know how many people in India earn Rs 100 crore annually… and how many people are poor
How much profit will you get
Chintan Hariya, Head of Product Development, ICICI Prudential Mutual Fund says that Booster STP offers the advantage of cost averaging of Rs. They say that the investor can decide his objective during the ups and downs of the market. As a result, this feature is good for investors who want to invest lump sum money and reap the benefits in the long run. Also Read: EPFO: Depositing money in EPF every month can get more than Rs 1.5 crore, know how
In Nifty 50 index, the return of Booster STP has been 11.7 percent while the return of Normal STP has been 9.6 percent. If we look at the index of Nifty 500, then this return has been 12.3% and 9.9%. In Nifty Small Cap, the return of Booster STP is 12.5 and the return of Normal STP is 9.8%.
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