Yes.I agree with you.I used it for Tax purpose since 8- is fill this is over and above you comes under 80 CCD(.a)and (b).only 50K i contribute.I have not opted the second option where in you can invest upto 10% of your basics which will be additional deduction.
You are 100% correct here... but it might happen in future that more than 40% will be made withdraw able.. thats what most are banking on
As an investment it would probably be worse then a BankFD.
My Wife is badly stuck in one of these. She didnt consult me before doing it. so.... Now she has to wait wait wait....
When I had a job I used to put my money in ELSS with 3 year lock in. Even that i found painful. When i quit job and started blowing up my money in the market, a few ELSS came out of the lock in. They saved me from certain doom. So i learnt a lesson. Dont put your money in a place where you cannot lay hands on it. Life can be uncertain and money can solve some of our problems. Keep it at a hands distance.
currently I have shifted back to my old office - so not able to take full advanatge of mt4. From what I have seen so far, I git what I wanted from them! Reliable enough.