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Regular sip from liquid fund

Hi,
Let us consider one is investing XX,000 per month in MFs through sip. Instead of leaving the money in SB account (every month), can one park the money in a liquid fund and do STP from there?
I know that we can do that for _lumpsum_, but is it possible to do the same with regular (monthly) investement as well?
This is to get higher (say 8-9%) return instead of mere 4% from SB account.
Any thoughts?

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