Benefits of ELSS: #6 Lock in period
Monday, May 15, 2017, 11:47 AM
Pertaining to the performance of the mutual funds, good mutual fund portfolios are constructed for long term investments, however, they are not bound with the lock in periods. But in case of ELSS, the funds are locked in for at least 3 years. This forcefully embeds a good habit to stay invested for a longer period.