What do you do after ELSS maturity?
After the expiry of the lock-in period of 3 years, the investor should review the performance of the scheme and in case the scheme has performed lower than the Benchmark, then the investment amount may be shifted to another open-ended Equity Fund for better returns in future.
What happens to mutual fund after maturity?
At maturity, the scheme is dissolved, and the money is returned to the investors at the prevailing NAV (net asset value) on that date. Investors who wish to exit the scheme before the maturity period ends can trade their units on the stock exchanges.
How much return will I get from ELSS?
ELSS v/s Other Tax-Saving Investment Instruments
| Tax-Saving Investment Options | Lock-in Period | Return |
|---|---|---|
| ELSS | 3 years | 10\%-12\% |
| Fixed Deposit | 5 years | 6\%-7\% |
| Public Provident Fund | 15 years | 7\%-8\% |
| National Savings Certificate | 5 years | 7\%-8\% |
Can I keep ELSS more than 3 years?
The lock-in period of lump-sum investment ends after the end of three years from the investment date. 30,000 invested on 1st Mar 2017) of mutual funds after 1st March 2020. However, if the investment is made in the SIP of ELSS funds, then the lock-in period shall end after three years of every SIP instalment.
Can I continue my mutual fund after maturity?
If you are satisfied with the performance of the SIP and don’t have any other pressing financial obligations, you can opt to extend the matured SIP investments. SIP is a flexible form of investment. You can increase or decrease the tenure as well as the monthly installment, depending on your financial situation.
Can I continue SIP after maturity?
At the end of the term, you have an option to renew the SIP of your MF schemes to ensure continuity. You usually get a reminder from the AMC to renew your SIP. You can decide whether to renew your SIP or not based on the returns of the scheme during the SIP tenure.
What if I withdraw ELSS before 3 years?
Can ELSS be Withdrawn Within 3 years? The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount.
Can I stop my ELSS SIP?
You may cancel SIP even if you have invested through a mutual fund distributor. It helps if you inform your mutual fund agent who fills up the cancellation request for the SIP with the respective AMC.
https://www.youtube.com/watch?v=1M-XAX8PwME