3-year lock in period in ELSS: Can a nominee redeem the units early?
 

Due to tax benefits and the prospects of generating a higher long-term return, ELSS is one of the most popular tax-saving schemes among the investors. However, a 3-year lock-in period is applicable on ELSS – as the schemes qualify for tax deductions u/s 80C, which is lowest among the tax-saving investments.

 

Dr. Suresh Surana, Founder, RSM India discusses the same in detail with Financial Express.

 

 

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