There are two ways to invest in an ELSS fund. One way is through the SIP route, and the other is via a lump sum. Depending on the way you invest, your investment redemption process differs. Let’s first look at the ELSS’s redemption method for lump sum investments. See more When you invest in a lump sum amount in an ELSS, the lock-in period is calculated from the day the purchase is made. Hence, you can only sell the units of an ELSS fund after 3 years from the date of your investment. … See more The Systematic Investment Plan (SIP) route allows you to invest small amounts and buy ELSS fund units at regular intervals. Hence, with … See more Here are some of the Best ELSS Mutual Funds ranked by ET Money based on different parameters. 1. Quant Tax Plan 2. Parag Parikh Tax Saver Fund 3. Canara Robeco Equity Tax … See more WebApr 13, 2024 · Also, SIPs in ELSS mutual funds have different redemption criteria. Each instalment is considered a new investment with a three-year lock-in period counted from the day the units are issued. Therefore, it is important to plan accordingly if you intend to redeem your ELSS SIP investments.
Best SIP Mutual Funds For April 2024 – Forbes Advisor INDIA
WebJan 29, 2024 · As compared to this, a systematic investment plan or an SIP involved investing small sums of money on pre-decided dates each month for a predetermined … WebFeb 7, 2024 · Redemption should be made only if you find that the ELSS fund you are holding is not performing as per your expectation. Another reason for redemption which is commonly seen in people is when they are close to the end of … dry tech terrebonne
Equity Linked Saving Scheme (ELSS) Funds: Meaning, Tax Benefit
WebJan 12, 2024 · 5 major differences between ELSS and SIP. ELSS and SIPs are inherently different concepts and hence cannot be compared on an apple to apple basis. ... ELSS … WebApr 13, 2024 · ADDITIONAL INFO. Fund Manager Atul Penkar (Since over 1 year) Dhaval Gala (Since about 1 year) Dhaval Joshi (Since 5 months) ISIN INF209K01UN8. Fund Family Aditya Birla Sun Life. P/E Ratio 23.17. P/B Ratio 3.38. Launch Date January 01, 2013. Benchmark IISL Nifty 500 TR INR. WebFeb 7, 2024 · The remaining 4500 units are still not eligible for redemption as they have not completed 3 years. This way, on December 10, 2024, all the units will be made available … drytech terrebonne