Do STP (Systematic Transafer Plan) attract STCG/ LTCG?

Tax queries 142 views 1 replies

Others

51 Points Joined April 2013

Hi,

I invest in mutual funds via the STP route. I do not prefer the SIP route.

For this I regularly switch funds from a Liquid fund to a Equity (or Thematic) fund - in the same mutual fund house.

I do not redeem anything into my bank account.

Would this attract STCG/ LTCG?

thanks

Jeevan

Replies (1)

SEO Sai Gr. Hosp.

197207 Points Joined July 2016

Yes, the units of liquid funds get redeemed for purchase of equity fund units.

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