Hi Basu..I am a Great fan of your blog and increasing knowledge about investment by it.
I wanted to know weather if i park my lump sum money in Liquid Fund,then is it possible to shift some part of that money in other fund house’s equity fund?
For Ex. I park 500000 in Indiabulls Liquid Fund (G) and then by using Systematic Transfer Plan i want to tansfer 5000 Rs/month to SBI Blue Chip Fund(G) and DSP-BR Micro Cap Fund(G).
Previously i have used SIP then VIP now i wanted to try STP.
Kindly share your suggestion on the same.
Both the funds must be within same mutual fund company. Otherwise, such STP not allowed. For example, from a liquid fund of ABC mutual fund you can invest in equity fund of same ABC mutual fund. However, by parking money in liquid fund of ABC mutual fund and opting STP to XYZ mutual fund company’s equity fund is not allowed.