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Is the dividend reinvested in ELSS also eligible for tax exemption?

Dhirendra Kumar explains the interesting case of dividend re-investment in ELSS

Answer transcript: Yes, but this is no longer possible. Last year, SEBI made a rule change that ELSS Funds cannot offer the dividend reinvestment option because their units then get into a 'perpetual lock-in.' The reinvested dividends also get separately locked in and the dividends on these dividends also get locked in.

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