New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the lock-in period for Equity Linked Savings

    Scheme (ELSS) funds in India?
    A 1 year Correct Answer Incorrect Answer
    B 2 years Correct Answer Incorrect Answer
    C 3 years Correct Answer Incorrect Answer
    D 4 years Correct Answer Incorrect Answer
    E 5 years Correct Answer Incorrect Answer

    Solution

    ELSS are subject to a lock-in period of three years, which is the lowest lock-in period amongst all the eligible investment options. The lock-in period is applicable for investments in ELSS funds from the date of investment and one cannot liquidate the ELSS investments before the expiry of 3 years.

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