Systematic Transfer Plan
A systematic transfer plan or STP is a way of transferring a lump sum investment to a Sip.
A lump sum is invested in a debt instrument and an STP mandate transfers a certain amount from it to an equity instrument through the Sip route.
Of course, this is the general concept and we may tweak the arrangement according to our needs and offerings by the AMC.
STPs help in a way similar to a Sip, by letting us invest in markets continuously, irrespective of market swings.