what is the lock-in period in case of SIP's in ELSS? Suppose if i pay SIP from apr 08 to mar 09 then is the lockin period of each installment different.
RE:SIP in ELSS
by Akshay Nagapurkar on May 14, 2008 03:41 PM Permalink
Hello Damir, lock in period for every SIP is of three years. that means if your SIP is starting from 1st may 2000 then it will lock for next three years and you can withdraw on or after 2nd may of 2003.For further queries and investment you can call me on 093250 40532
RE:SIP in ELSS
by Ayalur Ramsub on Aug 02, 2008 01:37 AM Permalink
Hullo Akshay At the time of withdrawal after 3 years one will not get the FULL Original investment back.TDS at 20% will be deducted.Is it therefore worthwhile taking 80C benefit by investing in ELSS Schemes.
