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RE:RE:dividend reinvest is a good option
by Monish Gavand on Apr 08, 2007 11:46 AM

Boss this is the worst thing. assume the elssmf pays you 20 % dividend every year and that div is reinvested, the reinvested dividend amount is also locked in for another 3 year from the date of the dividend. you will never be able to close that account if they declare dividend every year. you will be dead but your account will continue to exist as there is no way to close that account.

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Tax liability on the mutual fund