Avoiding stcg through property investment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2016 Hello, I've some investments into debt funds and equity mutual funds which I initiated 1-2 years ago (less than 3 years ago) and I would like to consider buying home/plot investment property. I understand if I redeem, I'll have to pay the following,
1) short term capital gains tax (STCG) since it's less than 3 yrs for debt funds - as per my income tax slab
2) and since it's less than a year for equity funds - 15%

Here my query is - If I redeem any of them in full / partial and invest in plot/home investment property, will I not be liable to pay STCG? I am looking at buying some investment property and hence I want to redeem some of my mutual funds before they complete 3 years. Please suggest if this works or the other alternate ways to avoid STCG taxation.