Unable to find any option for STP(Systematic Transfer Plan) in Niyomoney App

I have opened a Niyomoney a/c recetnly & now want to start my investments asap. I have some lump sum amount which I want to invest in a liquid fund through Niyimoney platform and then want to systematically transfer (STP) a particular amount from that liquid fund every month to Niyomoney’s readymade portfolio(s). But in the Niyomoney app I am unable to find any option for STP(Systematic Transfer Plan). Kindly help in this regard.

Hey Subi!
Yes, you can set up an STP, but not directly from the website or the app (not yet at least). You can write to us at care@niyomoney.com with the below-mentioned details:

  1. Goal in which the STP needs to be set up

  2. Switch out Fund (and folio)

  3. Switch in Fund

  4. STP amount (that will be switched each month)

  5. STP Duration (number of months over which the switch needs to be made)

  6. STP date (the date on which the STP will take place each month)

We can check all the details, show you a preview of the transactions (to take your formal approval), and help set it up.

Also, enabling STP on the app UI is on our product roadmap and should be available in a few months.

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