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Is there any minimum lock-in period for units?

April 26, 2017Lock-in minimum period units

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Is there any minimum lock-in period for units?

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There is no lock-in period in the case of open-ended funds. However in the case of tax saving funds a minimum lock-in period is applicable. The lock-in period for different tax saving schemes are as follows:section minimum lock-in period U/s 88 3 yrs. U/s 54EA 3 yrs. U/s 54EB 7 yrs.