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.
This article was originally published on June 06, 2017.
Gold hits record high. Should you still buy?
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