Hedge/ Book profits in ELSS Funds

General
1

I have ELSS funds which I had purchased in Dec 2021- Jan 2022. I am getting 33% returns and as market is almost at all time high, I am fearing that there might be a correction and I might loose some returns.

But as ELSS funds have lock-in period of 3 years, I cannot redeem them now. Is there any way to hedge/ or take any position/ or in anyway redeem so that atleast some returns will still be there even if market falls. I thought of buying Dec 2024 put but if the market rises or remains sideways then premium erosion will be there. Kindly suggest what best can be done.

2

There is no free lunch :slight_smile:
What you thought is right with Buying PE, being risk limited as opposed to writing CE like covered call strategy. Plus margin cost.

You can try timing and pyramid/average so don’t buy all at once.