Ask Value Research

How many units can I redeem from my ELSS?

The three year lock-in period is calculated from the date of your investment

Is the 3 year lock-in period on ELSS based on financial year or calendar year? How do I calculate the number of units that can be redeemed?
-Vishal

The 3-year lock-in period is from the date of your investment. This means that all the ELSS investments that you have made 3 years ago can be redeemed now. In the case of Systematic Investment Plans (SIPs), each installment is treated as a separate investment and will have a 3-year lock-in period. All your mutual fund units that have completed the lock in period can be redeemed. To find out how many units are available for redemption you can refer to you mutual fund statement with the complete transaction history and simply add up all the units that have completed 3 years.

This article was originally published on December 26, 2016.

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