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GoyalAbhey
24-10-2010, 02:26 PM
I have Fidelity ELSS fund for the last two years. Due to some personal reasons, I wants to surrender it for money. My queries -
1- Can I exit it before three years lock in period?
2- If yes, Do I need to pay any tax?

Thanks in advance!
Abbay

Krypton
25-10-2010, 02:00 PM
I have Fidelity ELSS fund for the last two years. Due to some personal reasons, I wants to surrender it for money. My queries -
1- Can I exit it before three years lock in period?
No, I am afraid, you can't.

2- If yes, Do I need to pay any tax?

Thanks in advance!
Abbay
As above.

Expert
25-10-2010, 05:12 PM
You can't exit before three years lockin period.