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If invest in tax saving Mutual Funds throiugh SIP (Systematic Investment Plan), When can we sell the units? |
Related to Indian tax laws and Indian Mutual Funds.... Each unit is locked for 3 years. Like if your first purchase is in oct 2007, you can sell in oct 2010. Next SIP in Nov so sell in Nov 2010. the lock in period is three years All the tax saving funds have a lock-in period of 3 years Tax saving mutual funds have a lock in period of three years. That means you can sell the units after three years form the date of purchase. But in the case of SIP you cannot sell all units at one go. Instead you will have to sell through SWP ( Systematic Withdrawl Plan ) |
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