WebThere is a lock-in period of 3 years, once you invest. Expect short term return fluctuations, especially during periods of market ups & downs. In the past, there has been an … WebAs the name suggests, an ELSS fund is an equity-oriented scheme with a mandatory lock-in period of three years. In recent years, many taxpayers have turned to ELSS schemes to avail of tax benefits. If you invest in ELSS schemes, then you can avail tax exemption of the invested amount up to a limit of Rs. 150,000.
A Guide To ELSS Fund Lock-In Period - ABC of Money - Aditya …
WebMar 3, 2024 · The lock-in period for ELSS funds is 3 years. It is important to note that there is no provision for premature withdrawal. In comparison with other tax saving schemes, the lock-in period in ELSS is the shortest. Hence, ELSS’s main advantage is it offers high returns with a short lock-in period. The below table shows the minimum lock-in period ... WebJun 3, 2024 · The lock-in period of ELSS investments is different for SIPs as you keep investing every week, month or year. In this case, the lock-in period is applicable from … dodgeball white goodman quotes
What is the penalty for withdrawing from ELSS before 3 years?
WebApr 11, 2024 · ELSS Mutual Funds. Not in favour of a 5-year lock-in period? I have something with a shorter duration too. ELSS Funds or Equity-Linked Saving Scheme Mutual Funds. Oopar se gaya na? 😏 Lemme simplify. Unlike fixed deposits, the rate of interest in ELSS varies according to the fund’s market performance. WebFeb 7, 2024 · They come with a mandatory lock-in period of three years. And, there is no restriction on the amount an individual can invest in it, where the investment up to Rs 1.5 lakhs in a financial year is exempt under Section 80C of the Income Tax Act of India, 1961. Today, we will cover all about a critical aspect ofELSS funds which we feel a lot of ... WebNov 10, 2024 · The lock-in period is the minimum among all tax-saving schemes. Many investors tend to get a little uncomfortable with the lock-in period that ELSS has. However, the lock-in gives more time to ... dodgeball with flames