Tax Savings Fund

#1

Can i claim tax benefits through investing in MF through coin platform

#2

Yes from coin choose any elss category fund. You can save upto 1.5L but there will be lockin period of three years

#3

If I start a SIP in elss. But instead of 36 installment i only want to 30 installment but want my units only after 3 years. Is it Possible?

#4

The lock-in period for every SIP instalment is 3 years. If you are doing a monthly ELSS SIP, then lock-in period for 1st-month instalment is 3 years, lock-in period for 2nd-month instalment is 3 years from the second month, lock-in period for the 3rd-month instalment is 3 years from the 3rd month and so on…

Yes you can make only 30 instalments but each instalment can be redeemed only after 3 years from the time you make your instalment.

1 Like
#5

Hi Sumiskh,
I have plan to open a SIP in DSP Tax saver, and I din’t find any lock in period in that while I was checking.
And If I want to get Tax benefit from this MF, from this year. What should I do?
Please clarify.
Awaiting your reply

#6

Vinayak, it is an ELSS fund. You can download your tax-statement on Coin web