STP

POSTED BY rajan.panchal24 ON July 17, 2013 10:44 am COMMENTS (2)

Hi,
I have invested some amount through SIP in ICICI Pru FMCG fund.Now the fund has attained my desired return and also the investment is not in its first year. I wish to do an STP to some debt fund. Are there any tax implications on this? Is there any benefit of doing an STP to a debt fund?

Please advise.

Thanks,
Rajan

2 replies on this article “STP”

  1. Ashal Jauhari says:
    July 18, 2013 at 5:10 am

    Dear Rajan, all SIPs have completed 1Y or some SIPs? if the Idea is to protect the profit, please bok that much amount & invest in one go into a debt fund of your choice. Actually you can simply put in a transfer request also within ICICI AMC Debt funds.

    thanks

    Ashal

    Reply
  2. Nagarajan Santhan says:
    July 17, 2013 at 2:47 pm

    Hi Rajan

    Doing STP from equity to debt is not a good practice in my view.

    Nagarajan

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.