How-to ELSS lock-in post-3-year

How to handle ELSS lock-in expiry

From WebNotes, a public knowledge base. Last updated . Reading time ~3 min.

ELSS lock-in expiry is per-tranche, not folio-wide. Treat the unlocked units as regular equity; the 80C deduction was the upfront benefit; equity exposure continues if performance is sound.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC. No affiliate commission is earned.

Step-by-step procedure

See the procedure infobox above for the six steps.

See also

External references

References

  1. SEBI (Mutual Funds) Regulations, 1996.
  2. Income Tax Act, 1961, Sections 80C, 112A.
  3. Finance Act, 2024.
  4. AMFI Best Practice Guidelines.

Related articles

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed
Conflicts of interest
WebNotes is independent. No relationship with any broker, registrar or bank named in this article.