My queries is related to ELSS fund.

Can some one please explain me the concept of lockin perod in ELSS fund.?

I have a sip which started on 1st June, 2019.

So the lockin will b till 1st June, 2022 or the 2 yr lockin will keep on adding on each sip?

I am bit confused here.

Any help much appreciated.

like
Posting as :
works at
You are currently posting as works at

For the first installment which was done on 1st June 2019 it's lockin period will end on 1st June 2022. Fir 2nd installment which was done on 1st July 2019 it's lockin period will end on 1st July 2022 and so on .

Lockin period is 3 years for the amount you put in, not from the time you opened account. It's always been like that.

You do have the option to pause/resime SIPs anytime.

Assuming you don't wanna invest long term and earn from compounding, if you're only looking for tax breaks maybe you can reinvest after withdrawing SIP when it completes 3 years.

like

Yup last sip can be removed after 6 yrs of ur first sip.

Related Posts

Thoughts on the VC Royal Eagle? Seems crazy undervalued, you can get it for less than a DateJust! What am I missing here?

like

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

like

Recommendations for best ways to save for retirement after contributing to 401k up to match and maxing out Roth IRA?

like

Can wife claim husbands PAN for HRA? Flat is in the name of husband

like

My father took a home loan, and the same home is kept as mortgage.
I'm paying arround 22k emi for the same but unable to exempt tax as the loan is on my father's name.

I googled a lot how to transfer it but neither gift deed nor sale deed would work as the property is on mortgage that's under bank's ownership (until loan is fulfilled).
Tax is also getting deducted, I'm paying hefty emis.
What can I do?
Please advise 🙂

likefunny

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

What is your favorite part about being a realtor?

like

Hi fishes

My package is 25.5 LPA fixed. Can someone suggest which tax regime would be better for me. As of now I do not have a home loan to claim tax benefit.
Also what could be the in hand salary in my case.
PF deduction : 153000

like

Holys*it, the seller accepted my offer, i’ll be owning a condo. Surreal! Did i make the right decision in this environment??? 😱

like

For the past 2-3 years, I have obsessively tracked my net worth/income trends/investment performance over time. I checked my trends just now, and OMG I hit the 300k net worth mark right around Christmas. I guess I haven’t looked at my dashboard for a month. This feels so cool. I want to shout it from the roof! I can’t really brag about this to my friends, so I’m sharing here! 🎉 🎉

like
likefunny

How do you help client's figure out how much life insurance is the right amount?

like

Does anyone have an idea on the best emerging markets to invest in before the recession hits? Is gold, or any other commodity going to be the safe haven as well? Thanks everyone

like

Any good ETFs to invest Roth into?

like

Hi Team
I've declared the tax under my profile payroll and what is the use of FCP?

Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

Still using Ally Bank savings account, but the APY had dropped to .60%. Time to move. Any recs on personal savings account? This is my emergency “savings”

like

What’s a good, practical tax book to read for someone who knows nothing about taxes? I feel like I should familiarize myself with them but don’t know where to start/find the topic very overwhelming and dense even as a finance attorney. Welcome to other beginning finance book suggestions too! (Already read Kiyosaki and Ramsey)

like

im 27 and could possibly retire if I kept my spending low. However you never know what’s going to happen, do you? How do you deal with the uncertainty?

like

More Posts

I’m a physician assistant with interests in technology. I’m well versed in epic. I’m looking to leave clinical medicine, what kind of roles are available with epic?

like

I can’t find a new job after searching for more than a year at this point. BRUH

like

What should be the Salary ask be for Sr. Consultant @ EY India Tech Risk practise?
Relevant YOE - 5 years.

like

In GMS is it mandatory to declare loans, insurance etc. ? EY Is there any issue if somebody forgot to declare and signed?

like

I cleared technical round and during final call with HR, my salary expectations were higher as per HR.

My current CTC is 9lpa, skill-IAM and Java, YOE-3. I asked for 14lpa, best they could give was 11lpa. I know I asked a lot.

She didn't care to negotiate and cut my call and now they put my candidature on hold. Can I expect call back? Or i can consider myself rejected?

like

Looking for nonfiction book recommendations relating to international history/diplomacy/American foreign policy!

like

Is this bowl active?

funnylike

How has the 30 minute phone case with McKinsey been for people who have gone through it recently? I have mine on Friday and wanted to know how many questions typically get asked and how hard the math is.

like

My team oversees internal comms and we’re in the process of signing on BananaTag.

Any fishies out there that can share what level of reporting + KPIs you’re providing leadership?

We plan to use it for exec comms and department-level leadership (HR, IT, etc.).

We’ve historically done mass communication through Outlook, so this will be our first time getting insight into staff e-mail + Teams performance.

like

At what point do I start using 2 pages?
I have 8YOE and a MS. An internal recruiter and a headhunter said I should have 2pg. Should I list older projects? Listing ~15 projects, I have 1/6 pg left

Is anyone aware of any healthcare / healthcare consulting companies based in the Bristol area (UK)? Thanks

Don’t cave in on your rates! Stay strong! 💪

Post Photo
likesmartuplifting

Trying to get rid of this casino addiction.. every time I drink,m or I’m bored... thoughts of blackjack stream in

like

Hi, am looking for job change into domestic recruitment if anyone knows kindly dm me for hyderabad location or.else wfh

like

Hi! Would love to chat with someone on their career transition into project management. Recent grad (2020) with a management and marketing degree, project lead experience at a start-up, and currently a recruiter for project managers. Could anyone help?? Looking to move soon and would referrals as well.

like

Coming out at work by bringing my girlfriend (serious) to our firm outing!!! Nervous but ready to be happy and open!

likeuplifting

So, I'm sure this has been discussed. What would be a cut off for when to leave without necessarily burning bridges? End of October? End of November?

like

$Link 👀. Drop down to $11 area or keep pushing up?

like

Have you ever went for a job and new u we’re getting the job but then see the person they picked isn’t even better than you?

like

Additional Posts in India Investments

Any CAA or tax expert here?

How do you manage and track all your investments? E.g., stocks, mutual funds, PPF, PF, gold etc.? Do you use an Excel sheet or some app?

like

Which crypto coins are you putting your money in?

like

Views on Zomato ipo?

like

Need 20lakh by next year for down payment have 1.8 L on hand which MF or stocks to invest so that can get 20L by next year and how much per month

funny

Are you going to invest in Navi's Index fund ?

like

use an advisor for dynamic asset allocation as your forte is your knowledge .so leave it to professional like me may cost some but few bucks are cheaper then losing principal in crypto or any unregulated asset class if interested@9302340643

Post Photo

Is it true that stocks bought and sold are visible in form16?

What are some of the investing must-reads that you'd recommend?

like

What are the recommended tax saving options apart from 80C, HRA & NPS? Any insights would be much appreciated.

like

Fishes- Need some quick knowledge/suggestions for Monthly Investments. I have a 10k Monthly ELSS SIP and 10k Nippon Pharma MF SIP. In addition to this, a small amount 15-20K flat invested in Crypto. I have some more money to spare- 10-15K/month. Any suggestions where I can invest this? I have little knowledge of stocks so would be a little hesitant to get in.

like

I'm relatively new to stock market investments and have tried to build a balanced portfolio for the long term. Should I hold the stocks for long term or does it make sense to book profits in between ?

Had a quick question, I see 1.5k in zerodha coin, is that a profit? If yes, how it's so great since I have only invested 40k in MF, 2 weeks back?

Post Photo

Is it good to invest through fisdom app in mutual fund or suggest better way

Which is your stock pick this week?
Serious answers only!

like

Hii ,
First time investing and hence I did some research on investment and planning to invest 40k in the below fashion.
10k-ELSS 10K-Equity MF 10k-Debt MF 4K-NPS 6K-PPF . Is it fine or any suggestions are welcomed. Also if anyone can suggest me which ELSS or mutual fund should I select considering the current market scenario

like

If I invest 50k in NPS, I would save 7k this year as per my tax calculation. Is this a good deal? In general, I don't like such long term investment, maybe I'd start that when I'm 35 but not today.

like

What credit cards do you hold and which one do you recommend?

Nifty 50 index mutual fund vs Nifty ETF ? Which is better ?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal