Inquiry for tax saving mutual fund recycling

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

asked Mar 31 '11 at 00:09 by Pranab Biswal 1222

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.

answered Apr 06 '11 at 03:31 by Pankaj Batra 5.2k320


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Asked: Mar 31 '11 at 00:09

Seen: 1,681 times

Last updated: Apr 06 '11 at 03:33