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After 3 years, can I redeem all units in an ELSS?

In ELSS the 3 year lock-in applies to each and every investment

If I invest in an ELSS through SIP for three years, can I redeem all my units purchased during this while at the end of three years, or only the ones bought in the first month?
--Mahesh V

In ELSS, every instalment has to complete the 3-year lock-in period. Therefore, if you invest in ELSS via SIP, after 36 months you can only redeem the units allotted in the first SIP instalment. Subsequent ones will become available for redemption as and when they complete the three year tenure.

This article was originally published on October 14, 2016.

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