Does the Upstox App Allow STP in Mutual Funds?

As of the latest updates, Upstox's app does not support Systematic Transfer Plans (STP) for mutual funds directly through its platform. Upstox primarily focuses on equity trading and offers mutual fund investments, but features like STP are currently not available within the app.

For STP, investors typically need to go through the mutual fund registrar or another platform that supports such functions. If you require information on the current status, it is recommended to check the Upstox app or their official website for the most accurate and up-to-date information.

Upstox and STP in Mutual Funds - A Comprehensive Overview

Upstox is a popular online brokerage platform in India, offering a highly simplified and integrated platform for SIP investments. While they allow investors to choose from a variety of mutual funds and opt for investing via SIP, STP functionality is not currently supported directly through their app. However, it's important to note that features and services can change over time, so it is essential to refer to the Upstox app or contact their support directly for the latest information.

User Experiences and Insights

Many users have shared their experiences with Upstox, some of which include:

Experience with STP and SIP on Upstox:

One user who started their trading journey with Upstox two years ago says, 'Yes, I even invested in funds with their MF platform on which they did not charge me any commission. It's a great app to have!'

Investment in SIPs on Upstox:

Another user highlights, 'Upstox offers a highly simplified and integrated platform to invest in SIPs. Apart from stock trading, they have a dedicated section for mutual fund investments, where one can choose a variety of mutual funds and opt for investing via SIPs. The costs are low, and there are no hidden charges.'

Manual STP Process on Upstox:

A third user mentions, 'For those interested in STP, you need to log in to the Upstox app, choose the fund source, and then click on “Confirm STP” to proceed. The process is quite straightforward and hassle-free.'

Conclusion

In conclusion, Upstox’s app does not support STP for mutual funds directly. However, they do offer a comprehensive platform for SIP investments and mutual fund investments. For any changes or updates to the services, it is best to refer to their official app or contact their support directly for the most up-to-date and accurate information.