5 Easy Steps To Start Weekly STP In HDFC Mutual Fund

Finance Guru Speaks: Do you want to register Weekly STP (Systematic Transfer Plan) and transfer your units or amount every week from one Fund to another Fund in HDFC Mutual Fund AMC?

If you have a lump-sum investment in Fund X, by using STP you can systematically transfer a defined amount (Say Rs. 500 per week) in Fund Y. Remember both the funds X & Y should be from the same fund house.

Many investors are using STP to systematically transfer the amount from Debt Mutual Fund to Equity Mutual Fund or vice versa. The steps mentioned in this article can be applied to start STP between any of the two HDFC Mutual funds and you can even change the Frequency to Monthly rather than Weekly. More details are in the below steps.

If you are an existing HDFC Mutual Fund investor, then first of all, get registered to its HDFC Mutual Fund website. You can follow the options mentioned here.

Steps to Register Online STP in HDFC Mutual Fund:-

1. Open HDFC Mutual Fund website and click on Login via OTP link. Provide your User ID and PAN and click SEND OTP button:-

HDFC Mutual Fund Login Page

2. OTP will be sent to your registered Email and Mobile No. Enter the OTP, click on LOGIN button:-

HDFC Mutual Fund - Start STP

3. In the Home page, click on Transact Now and then Systematic Transfer Plan (STP) as shown below:-

HDFC Mutual Fund - Start STP

4. On the Next page, provide details like your Folio No., Source Fund, Target Fund, Frequency (as Weekly), STP Duration:-

Note: You can select Frequency as Monthly if you want the transfer the STP amount on a Monthly basis.

(Click to enlarge) HDFC Mutual Fund - Start STP

Provide the STP amount and click on Proceed to Transact:-

(Click to enlarge) HDFC Mutual Fund - Start STP

5. Review all the details like STP Amount, Source & Target Funds, Tenure, STP Frequency, etc. as shown below and complete the transaction by accepting the T&Cs and clicking on Complete Transaction button:-

(Click to enlarge) HDFC Mutual Fund - Start STP

Congratulations on your successful online STP registration of HDFC Mutual Fund :-)

(Click to enlarge) HDFC Mutual Fund - Start STP

Images Courtesy: HDFC Mutual Fund Website

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