ELSS Lock-In on WebNotes

How to handle ELSS lock-in expiry

Tue, 19 May 2026 00:00:00 +0000

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.

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Step-by-step procedure

See the procedure infobox above for the six steps.

Parag Parikh ELSS Tax Saver Fund and Section 80C Eligibility

Sat, 16 May 2026 00:00:00 +0000

The Parag Parikh ELSS Tax Saver Fund is the PPFAS Mutual Fund Equity Linked Savings Scheme (ELSS), launched on 4 July 2019 and originally registered as the Parag Parikh Tax Saver Fund. The scheme is eligible for Section 80C deduction of up to Rs 1.5 lakh per assessee per financial year under the Income-tax Act, 1961 , subject to compliance with the Equity Linked Savings Scheme, 2005 (Notification No. 226/2005 dated 3 November 2005) issued by the Department of Economic Affairs, Ministry of Finance, and the SEBI Mutual Funds Regulations 1996 ELSS category framework.

PPFAS Exit Load Structure

Sat, 16 May 2026 00:00:00 +0000

The exit-load structure of PPFAS Mutual Fund denotes the per-scheme schedule of redemption charges applied to unit-holders who redeem or switch units before completing the prescribed minimum holding period for the source scheme. Exit loads in Indian mutual funds are governed by SEBI Mutual Funds Regulations, 1996 Regulation 51A, which caps exit loads at 5 per cent of the redemption amount and requires that the load proceeds be credited back to the scheme corpus rather than being retained as AMC income.