Wednesday, January 11, 2017
by
Indian Real Estate News
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.
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