When ever you have some lumpsum amount in hand, you can follow this regimen.
Transferring from debt fund into a equity fund of the same mutual fund house (AMC) is NOT considered as selling the unit. Thats why the concept of STP came about. However, some debt funds have Exit load (For eg., HDFC Hi interest short term plan fund charges ~ 0.1% if u sell or do STP within 30 days).
There is no Exit Load if you STP from Reliance Short Term Fund to say, Reliance Regular Savings equity fund from 2nd day onwards.
Invest in DSPBR Savings Manager Fund(Aggressive)& STP to DSPBR EQUITY Fund.
Invest in HDFC High Interest Fund Short term plan & STP to HDFC Top 200 or Prudence Fund.
Invest the rest in IDFC MMF - TP - Plan A & STP to IDFC Premier EQUITY Fund.
Hope this is clear. Good luck !
Transferring from debt fund into a equity fund of the same mutual fund house (AMC) is NOT considered as selling the unit. Thats why the concept of STP came about. However, some debt funds have Exit load (For eg., HDFC Hi interest short term plan fund charges ~ 0.1% if u sell or do STP within 30 days).
There is no Exit Load if you STP from Reliance Short Term Fund to say, Reliance Regular Savings equity fund from 2nd day onwards.
Invest in DSPBR Savings Manager Fund(Aggressive)& STP to DSPBR EQUITY Fund.
Invest in HDFC High Interest Fund Short term plan & STP to HDFC Top 200 or Prudence Fund.
Invest the rest in IDFC MMF - TP - Plan A & STP to IDFC Premier EQUITY Fund.
Hope this is clear. Good luck !