A systematic transfer plan (STP) is a disciplined way of shifting part of investors current investment into other schemes which will help you diversify your investments. A STP enables you to switch or transfer a fixed amount of money at regular intervals from your fixed income scheme investments to designated equity and balanced schemes.
A systematic withdrawal plan (SWP) lets you take money out of a fund account according to a regular schedule that you choose. It's a convenient way to draw down your holdings over time. SWP is a facility to plan for your retirement and other regular monthly income needs.