If I do STP from liquid fund to pure equity or balanced or diversified fund within a year of deposit in liquid fund, in that case short term capital gain tax will be applicable or not, please confirm
Dear Sir, I am amazed for very quick response. May request to suggest moderate risk diversified, large cap, mid cap ,small cap equity funds and balanced fund for SIP and one time investment. I am keeping 3 yrs time and targeting average return of 15-18% whether market go down from present scale. In case it go up, I will get some more return than target best regards,
Do remember one thing regarding STP (suppose you are moving money from liquid funds to equity funds), for Liquid Funds, it is nothing but redemption and for equity, it is nothing a fresh investment. Hence, based on time horizon of units of liquid funds, it will be taxed either LTCG or STCG.