Mutual fund transaction types explained

Overview
These are the mutual fund transaction types you’ll see on the platform and what they mean

• Purchase: A one-time investment of a lump sum in a scheme.
• SIP (Systematic Investment Plan): A fixed amount invested in a scheme at regular intervals, such as monthly.
• Sell / Redemption: Withdrawing money from a scheme by selling some or all units.
• SWP (Systematic Withdrawal Plan): A fixed amount withdrawn from a scheme at regular intervals.
• Switch Out or SWO: Moving money out of one scheme into another scheme of the same AMC.
• Switch In or SWI: The money coming into the target scheme from a switch.
• STP Out or STO: A fixed amount moved out of one scheme at regular intervals as part of a Systematic Transfer Plan.
• STP In or STI : The money coming into the target scheme from an STP.

Note: A switch or STP always shows up as two entries: an “Out” entry in the source scheme and an “In” entry in the target scheme.