Can you give me an advice ? Which will be better option?
1. SIP from an NRE account to an Equity fund of Mutuial Fund like Franklin Templeton Prima Fund. 2. STP from a liquid fund invested from an NRE Account to Equity Fund like Templeton Prima Fund.
In both the cases Tax implication need to be looked into. If SIP in considered then I presume there will be no TDS for the amont transfered from NRE account.
But if the amont is first invested in a liquid fund from NRE account and then if STP is adopted then every month TDS will be deducted from the installment being transfered to Equity Fund.
Please let me know as to which option is likely to yield better result in long term perspective?
