Mutual Fund lock in period

[simmy2]

Is there any mutual funds are having locking periods like in other saving policies?
If yes then if someone buy mutual funds and before completion of locking period he want to get back his money back. What amount he get I mean is there any charges which cut down and remaining amount he get back.
Secondly
During locking period if someone stop investing in mutual funds after 1 year and don't apply for cancellation. After locking period he applied then what amount he will get.
Options
he will get very less amount
or
he will get as per market value (is that amount more than what he saving)
or
he will get nothing due to charges cut down?

 

[rvm123]

wherever lock-in period is there, u have to wait till the period is over. Before that, u cannot sell them.

 

[simmy2]

Thanks,
But in mutual fund scheme, is there one time investment or monthly, quarterly? Suppose, If there is quarterly investment option and before locking period I stop to invest, then that affects my saving and return amount or not?