Mutual Fund Q&A, ELSS Lock In Period, January 19, 2018
Date: 22-01-2018 Views: 928
In this video, we take up the question of a viewer about ELSS lock in
Edited highlights
0:14 In this video, we take up the question of Sarwar Baksh about ELSS lock in
0:46 Sarwar Baksh wants to know that if there is a three year lock in, does it make sense to invest in a mutual fund
1:00 The three year lock in is only for equity linked savings schemes (ELSS)
1:09 ELSS is category of equity funds or mutual funds that invest in equities
1:15 They are eligible for annual tax deduction of upto Rs 1.5 lakh under Section 80C
1:26 In other mutual funds, there is no lock-in
1:42 If it is a long term requirement, go for equity funds. Otherwise, for nearer term requirements look at debt funds
