Series V-AEasyInvestment Landscape

What is the statutory lock-in period for an Equity Linked Savings Scheme (ELSS)?

A5 years
B1 year
C3 yearscheck_circle
DThere is no lock-in period

Correct answer

C. 3 years

lightbulbDetailed Solution

ELSS funds carry a statutory lock-in of 3 years — the shortest among tax-saving instruments under Section 80C. Each SIP instalment is separately locked in for 3 years from its own investment date.

Reference: NISM Series V-A Mutual Fund Distributors, Chapter 1.

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