Web15 feb. 2024 · Ways to invest and the lock-in period Investors can opt for ELSS funds in one of two ways. 1. Lump sum ELSS investors can make a one-time payment if they wish to. With a lump-sum investment, the three-year lock-in period starts from the day the mutual fund company receives the money. That is the day of the purchase. 2. SIP Web14 uur geleden · ELSS mutual fund explained. An equity-linked savings plan (ELSS) is a category of mutual fund wherein at least 80% of the corpus is invested in equity securities. Under Section 80C of the Income Tax Act, you can get a tax exemption up to Rs. 1.5 lakh on your ELSS investments. ELSS has the shortest lock-in period, which is three years, …
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ELSS Funds – How to Invest in ELSS Mutual Funds HDFC Bank
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