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Should you recycle or sell and reinvest ELSS after three years?
Should you recycle or sell and reinvest ELSS after three years?
Some new investors are discovering the old practice of recycling investments in Equity Linked Savings Schemes or ELSS. They can’t stop talking about the smart strategy that would help them to save taxes without making any fresh investments. Simply put, these investors believe that selling ELSS soon after the mandatory lock-in period of three years and reinvesting the money again would help them to save them taxes. The best part is you don’t have to allocate any fresh money for tax-saving investm ..
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