Can I withdraw or redeem my ELSS investments made via Systematic Investment Plan (SIP) after the lock-in period? Should I have to wait for the lock-in period of my last SIP to get over?
- Sumit Roy
Equity Linked Savings Schemes (ELSSs) or tax saving mutual fund schemes come with a mandatory lock-in period of three years. The lock-in period is applicable to every Systematic Investment Plan (SIP) instalment in the ELSS. You can redeem a SIP investment only after it completes the lock-in period of three years.