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

    Latest Articles
    ‘MFDs can use different names in ARN and website provided it complies with AMFI norms’
     Read More
    ‘GST exemption on commission income of Rs.20 lakh is applicable for MFDs’
     Read More
    MFDs can distribute IFSC products without setting up office in GIFT City
     Read More
    Your queries on GST answered
     Read More
    ‘MFDs should refrain from talking about scheme performance on social media’
     Read More
    Not all equity FoFs have debt taxation
     Read More
    ‘B30 incentive will be back but in a new avatar’
     Read More
    ‘In investor initiated AUM transfers, the new MFD gets trail income from seventh month’
     Read More
    Can NRI and OCI invest in mutual funds?
     Read More
    MFDs have to appoint their nominee at a fund house level
    Read More
    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.
    POLL
    MORE POLLS
    As regards Portfolio Management Services (PMS), what is your status
    EVENTS FORUMS
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.
    INSIDE CAFEMUTUAL
  • About Us
  • Advertise With Us
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Media
  • Privacy Policy
  • Post Vacancies
  • Job Openings
    • SOCIAL
    SUBSCRIBE NEWSLETTER
    NEWS
  • MF News
  • Insurance News
  • CafeAlt
  • Thought Leadership Corner
  • NFO News
  • Ask Us
  • Guest Column
  • News Archive
  • News From Press
  • Passives
    • CLIENT MANAGEMENT
  • Business Development
    • RESOURCES
  • Empanelment Forms
    • MF FACTS & FIGURES
  • Directories
  • Events
  • Fund AUMs
  • Fund Fact Sheets
  • Reports
    • KNOWLEDGE
  • Capability Building
  • Glossary
  • Tutorials
  • Video Library
    • MY RESEARCH DESK
  • Financial & SIP Calculators
  • Fund Performance & NAV

  • Success Stories
  • POLLS
  • Youtube Channel
    • © Cafemutual.com. All rights reserved. Reproduction of news, articles, images, videos or any other content in whole or in part in any form or medium without express written permission of cafemutual.com is prohibited.
    Powered by Barcode Design Studio