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Redeeming ELSS SIPs

How the redemption system works in ELSS

I have been investing via SIPs in Magnum Taxgain since June 2006. The three years lock-in period will get over in June 2009. In the first year, I was investing in the dividend re-investment option. From May 2007, I started investing in the growth option. Will the first year’s SIP be included in the three years lock-in period? When can I withdraw the total money?
-    Joya

This article was originally published on June 02, 2009.


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