Should I do STP from liquid fund

There are three parts to your query for which we have the following to comment –

1. The idea of creating an emergency corpus is good and Birla Sun Life Short Term Fund is a good fund

2. You can invest in both the funds in ELSS category as Franklin India Taxshield and Birla Sun Life Tax Relief 96 Funds are amongst the top performing ELSS funds

3. Doing a weekly STP will be better as you get 4 chances in a month to transfer a fixed amount from liquid fund to equity or balanced fund and that is the maximum extent to which you can do the rupee cost averaging.

Hope the above helps. Thanks for writing to us.