SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • Ask Us Lock-in-period of ELSS

    Lock-in-period of ELSS

    Each SIP installment gets locked in for three years.
    Team Cafemutual May 14, 2013

    If I invest Rs 2000 monthly in ELSS for one year, let’s say starting from 1 June 2013. What will be the lock-in period end date for each monthly instalment?

    -Mohit Gaba

    Hi Mohit,

    ELSS lock period is for three years. Thus, each SIP installment gets locked in for three years. So, if your first SIP installment is dated 1st June 2013 its lock in ends in the month of May 2016. The next month’s SIP lock in will end in July 2016 and so on. The last SIP instalment made in May 2014 will end on April 2017.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.