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

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)

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

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