Inquiry for tax saving mutual fund recycling

Pranab Biswal 1
Viewed 1103

Hi Pankaj,

I have some tax-saving mutual funds & it has crossed 3 years locking period, then how can I recycle that, means I want to sell & invest same money immediately in same mutual fund so that I can get tax benefit again for this year.

Please suggest how to do that?

Thanks, Pranab

reinvest elss mutual-fund tax-saving
1 Answers

You will have to redeem once and then invest again. Once redemption is done, money will be credited back to your account or a check will be sent to you. When you receive the amount back, invest again.

Pankaj Batra5212
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