I have recently started investing in Equity Linked Savings Schemes (ELSSs) via a monthly Systematic Investment Plans (SIP). Is it possible to transfer to money I have already invested in one ELSS fund to another during the lock-in period of three years?
- Mehrab Goyal
You cannot transfer money from your Equity Linked Savings Scheme (ELSS) or tax saving mutual fund scheme during the lock-in period. Every tax saving investment comes with a mandatory lock-in period, and that mandatory lock-in period is three years for ELSS.