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. Ashal Jauhari says:
    June 7, 2012 at 12:57 am

    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

    Reply
    1. Balaji says:
      June 7, 2012 at 1:56 pm

      Thanks for your quick and precise reply

      Reply
  2. Ramesh says:
    June 6, 2012 at 3:29 pm

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

    Reply

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