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Thread: Surrendering ELSS MF before three years locking period

  1. #1
    PolicyWala Newbie
    Join Date
    Apr 2009
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    Mumbai
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    Question Surrendering ELSS MF before three years locking period

    I have Fidelity ELSS fund for the last two years. Due to some personal reasons, I wants to surrender it for money. My queries -
    1- Can I exit it before three years lock in period?
    2- If yes, Do I need to pay any tax?

    Thanks in advance!
    Abbay



  2. #2
    PolicyWala Fan
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    May 2009
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    India
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    Default

    Quote Originally Posted by GoyalAbhey View Post
    I have Fidelity ELSS fund for the last two years. Due to some personal reasons, I wants to surrender it for money. My queries -
    1- Can I exit it before three years lock in period?
    No, I am afraid, you can't.
    2- If yes, Do I need to pay any tax?

    Thanks in advance!
    Abbay
    As above.

  3. #3
    Moderator Expert's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
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    Default

    You can't exit before three years lockin period.
    * SAFE
    Self Appointed Financial Expert


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