What to do when we don't find a suitable fund in the same AMC for doing a Systematic Transfer Plan (STP) and want to continue investing?
- Amarnath Reddy
You mean you can't find a top-rated liquid fund and an equity scheme within the same fund house? That is a bit strange because you are unlikely to face the problem in most leading fund houses. Anyway, you have two options. One, sacrifice some returns and settle for a mediocre liquid fund and start investing in the equity fund via a Systematic Transfer Plan (STP). Two, park the money in your bank account and start a Systematic Investment Plan (SIP) to invest in the equity fund.
This article was originally published on January 29, 2016.