Re: Investment in ELSS (Equity Linked Saving Scheme)
Hi,
I am a new member and new to investments. First thanks for this great forum!
I am planning to invest some amount in mutual funds primarily to save tax. I have a PPF account, but wish to make an 80-20 investment in PPF and mutual funds.
Reading the wonderful posts here have cleared many questions, but one remains:- If I invest say 10,000 in MF Tax saving fund , I understand that there is lock in period of 3 years. For the next year, if I invest 10,000 in the same account then will it take another 3 years for me to get the returns?
-Krishna
Hi,
I am a new member and new to investments. First thanks for this great forum!
I am planning to invest some amount in mutual funds primarily to save tax. I have a PPF account, but wish to make an 80-20 investment in PPF and mutual funds.
Reading the wonderful posts here have cleared many questions, but one remains:- If I invest say 10,000 in MF Tax saving fund , I understand that there is lock in period of 3 years. For the next year, if I invest 10,000 in the same account then will it take another 3 years for me to get the returns?
-Krishna