Can I redeem ELSS mutual funds before three year lock in period

Please note that MOST FOCUSED LONG TERM FUND is an ELSS fund with a lock-in-period of 3 years from the date of investment.

Investments in Equity Linked Savings Schemes (ELSS), upto a maximum amount of Rs. 150,000 in a year, are eligible for tax rebate under Section 80C of the Income Tax Act 1961.

It is unfortunate that your agent did not disclose this to you. I am afraid, you will not be able to redeem this investment even if you are not going to avail the tax benefits.

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