Switching in back to ELSS fund will have further lock in period of 3 years?

POSTED BY Balaji ON June 6, 2012 3:20 pm COMMENTS (3)

I had invested in couple of ELSS funds in 2009 and completed 3 years lock in period and I would like to switch out to low risk fund expecting some dip in the market. My question here is, if want switch back to these ELSS fund later, will there be further lock in period of 3 years?
Thanks in Advance!

3 replies on this article “Switching in back to ELSS fund will have further lock in period of 3 years?”

  1. Dear Balaji, such back switch into ELSS ‘ll be treated as fresh investment for ELSS & accordingly ‘ll be locked-in for 3Y period from the date of investment.

    Thanks

    Ashal

    1. Balaji says:

      Thanks for your quick and precise reply

  2. Ramesh says:

    Yes. Any investment (lumpsum, SIP, dividend reinvestment) into ELSS will have a lock-in of 3.0 years.

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