yup .. I purchased it to get 80C tax benefit in fact.
just curious ...Fund Type is "Open ended" here....looks like Fund Type has nothing to do with exit timing.
What happens If I don't redeem this ELSS even after 3 years ....will my fund be safe ? Will I still continue to receive benefit If I don't redeem even after 3 years ?
just curious ...Fund Type is "Open ended" here....looks like Fund Type has nothing to do with exit timing.
What happens If I don't redeem this ELSS even after 3 years ....will my fund be safe ? Will I still continue to receive benefit If I don't redeem even after 3 years ?
You can stay invested in your fund even after 3 years, it is just treated as a normal fund investment thereafter and will be exposed to the same risk and return characteristics like any other equity security. However, do note that the tax benefit will only count once.