ELSS in mutual fund

Personal finance
1

How to withdraw amount Invested in ELSS via SIP after 3 years ?

2

Hi there,

A lot of people misunderstand how ELSS lock in works, a little credit for this may even go to the advisor (if any) who mis- sells this( not all cases).

Assume you had started this SIP on 05/01/2015 as in the table below, you get units allotted to you at a certain NAV, these units will be in a lock in for the next three years and become redeemable on 05/01/2018, the units allotted the next month will be redeemable a month later.

Lindo’s Taxsaver Mutual fund
Date of SIP Amount invested( in Rs.) NAV(in Rs.) Units allotted Total units (accumulated) Redeemable units(which have completed 3 years of lock in)
05-01-2015 3000 121 24.7934 0 0
05-02-2015 3000 118 25.4237 25.4237 0
05-03-2015 3000 120 25.0000 50.4237 0
05-04-2015 3000 124 24.1935 74.6173 0
05-05-2015 3000 126 23.8095 98.4268 0
05-06-2015 3000 124 24.1935 122.6203 0
05-07-2015 3000 123 24.3902 147.0106 0
05-08-2015 3000 125 24.0000 171.0106 0
05-09-2015 3000 127 23.6220 194.6326 0
05-10-2015 3000 124 24.1935 218.8262 0
05-11-2015 3000 125 24.0000 242.8262 0
05-12-2015 3000 126 23.8095 266.6357 0
05-01-2016 3000 127 23.6220 290.2578 0
05-02-2016 3000 129 23.2558 313.5136 0
continues investing every month
05-08-2018 3000 140 21.4286 921.4285 171.0106
05-09-2018 3000 142 21.1268 942.5553 194.6326
05-10-2018 3000 140 21.4286 963.9838 218.8262

So the answer to your question is if you want to redeem your Mutual funds, all the units which have completed 3 years you will be able to redeem, the ones which haven’t you will not be able to .

Regards

3

Thanks lindo

nice explanation

total units accumulated option is available on zerodha?