If i start a SIP on a ELSS fund with Dividend Re-investment option. Will my Redemption date extended to another 3-year Lockin period from the Dividend Declared Date?
For Example if i invest 10k today in ELSS Dividend Re-Investment Option and after 2.5 years the fund anounces a Dividend which will be re-invested in my case,will my 10K lockin period extended? If so isnt it a possibility to go in infinite cycle?
Please explain.