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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