"Purchase" transaction allows you to buy units of chosen mutual fund scheme at the applicable NAV/Face Value.
Systematic Investment Plan (SIP) is a special product facility that allows you to invest a fixed amount in a mutual fund scheme at pre-defined regular intervals. It helps you to invest in a disciplined manner.
"Redemption" transaction allows you to withdraw partial/entire amount/units from an existing mutual fund scheme by selling the units back to the mutual fund at an applicable NAV.
Switch is an optional facility that allows you to transfer units/amount amongst schemes/options/plans within the Schemes of the same Mutual Fund. Switch allows you to alter your investments in line with your changing requirements.
Systematic Withdrawal Plan (SWP) is a special product facility that allows you to withdraw a fixed amount from your existing mutual fund scheme at specific pre-determined intervals. It helps you to create a regular cash flow to meet various needs.
Systematic Transfer Plan (STP) is a special product facility that allows you to periodically transfer a certain amount/units from one scheme and invest in another scheme of the same mutual fund at pre-defined intervals. You can use this option to plan your investments/alter your asset allocation, systematically.
Note: It may please be noted that the above mentioned transactions are subject features, terms and conditions as mentioned in the Scheme Information Documents, Key Information Memorandums of the Schemes and Statement of Additional Information.