Zerodha Coin - ELSS Funds - Redeem Option

Zerodha Coin - Direct MF
1

Hi All, i bought 4 ELSS plans(L&T/IDFC/AXIS and DSP) recently and invested small sums in the same last month.

As i understand ELSS funds have a lock in period of 3 years and early redemption of same is not possible at all.

Can someone suggest how then Zerodha Coin not only is giving option to redeem the same? I have not confirmed the redemption order, can someone clear this if such an order will get processed.

2

@ShubhS9 @TradeXMaster

Can you help me with this ?

3

You cannot redeem it before 3 years.
Any order placed will not be accepted by the AMC.

4

Your order will be rejected due to the Lock-in. There is a 3 year lock-in period in ELSS scheme, and you can only redeem once it is completed.