Mutual Fund

Sir, For Mutual funds to be eligible for tax deductions, are there any special conditions like, it should have a locking period of 3 yrs?

Thanks,

asked Mar 12 '14 at 15:22 by HRIM 12823


There are special mutual funds available for tax saving u/s 80C called as ELSS (Equity Linked Savings Scheme). These have three years lock-in and one cannot redeem units before this period is over.

answered Mar 12 '14 at 17:44 by Pankaj Batra 5.2k320

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Asked: Mar 12 '14 at 15:22

Seen: 1,510 times

Last updated: Mar 12 '14 at 17:44