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. 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

  2. Nagarajan Santhan says:

    Hi Rajan

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

    Nagarajan

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