Can I hold on to ELSS even after lock-in period?

I have been investing a lump sum amount in Axis Long Term Equity Fund. Can I hold the fund for another five years after the lock-in period of three years? Is there any clause that after the lock-in period of three years I have to close the fund and redeem it?
- Lyndon D Silva

Equity Linked Savings Scheme (ELSS) or tax saving mutual funds have a mandatory lock-in period of three years. However, this does not mean that the investors should redeem their investment after the lock-in period. You can hold on to your investments as long as you do not need the money and are happy with the performance of the scheme.

This article was originally published on December 15, 2015.