SIR
MY DEBT MF IS MATURING IN AUG 17.
I ALREADY HAVE GOOD EXPOSURE TO EQUITY/ EQUITY ELSS.
WHERE SHOULD I INVEST THE ABOVE AMT, A) LUMP SUM IN EQ MF, B) STP FROM DEBT TO EQ MF, OR C) LUMP SUM IN DEBT MF. MY TIME FRAME IS 3-4 YEARS. ALSO WHAT ARE THE TAX IMPLICATION OF STP .
MY IT REBATE IS ALREADY TAKEN CARE OF DUE TO REFUND OF CAPITAL OF HOME LOAN ( 3.5 YRS REMAINING) .
PL ADVISE.
YOURS
ANAND
1 Answers
Dear Anand,
If you can afford to take little bit of more risk, you may consider MIP schemes.
The taxation rules of MIPs are similar to Debt funds, but they may have 10 to 30% exposure to Equities (shares) in their portfolio allocation.
Kindly read :
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/
STPs are treated as normal redemptions, hence taxes (if any) are applicable on Capital gains.
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