Can a person invest in ELSS for only one year
I have a question to ask about ELSS. Can a person invest in ELSS for only one year or it is mandatory that he has to invest for couple of years?
ELSS investments are subject to lock-in period for 3 years as you are availing tax benefit under Section 80C of the Income Tax Act 1961.
However, if you are investing in ELSS in any year, that does not mean that you will have to invest in it again next year or so.
Hope this helps! Thanks
POST A QUERY
Recent Queries
-
What is the benefit of mutual fund STP
Aug 29, 2019 by Nandu
-
How much to invest to meet target amount of Rs 2 Crores
Aug 26, 2019 by Dhiraj
-
Can you tell me return of various indices
Aug 18, 2019 by Dr. Ketan S Trivedi
-
Which Principal Mutual Fund scheme will be suitable for my retirement corpus
Aug 16, 2019 by Sanjay Gargish
-
In which mutual fund can I invest for short term period
Aug 3, 2019 by Chirag Agrawal
-
Can you please show the calculation method for selecting top consistent performing funds
Jul 30, 2019 by Abhishek Shah
-
How can I invest Rs 10 Lakhs
Jul 28, 2019 by Dr. Pradip Kumar Chatterjee
-
Can hybrid aggressive funds invest in large, mid and small cap stocks
Jul 27, 2019 by Pravin Jain
-
Is it possible to check rolling return versus category returns of multiple funds at a time
Aug 26, 2019 by Joel A Peres
-
Which Sundaram Mutual Fund scheme would be good for SWP for me
Jul 25, 2019 by Rabindra Chandra Bhattachara
Fund News
-
Leveraging the PSU rally to sustain capex growth
Apr 10, 2024 by Axis Mutual Fund
-
Bandhan Mutual Fund launches Bandhan Innovation Fund
Apr 10, 2024 by Advisorkhoj Team
-
Tata Mutual Fund launches Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund
Apr 8, 2024 by Advisorkhoj Team
-
Tata Mutual Fund launches Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Apr 8, 2024 by Advisorkhoj Team
-
Tata Mutual Fund launches Tata Nifty Realty Index Fund
Apr 8, 2024 by Advisorkhoj Team
Tools and Calculators
