What is ELSS lock-in period?

Equity Linked Saving Scheme (ELSS) stands out as a favored mutual fund, offering tax benefits that empower investors to claim Tax deductions of up to Rs. 1.5 lakh on their investments. This tax saver funds, like others in its category, entails a mandatory lock-in period of three years.

The significance of this three-year lock-in period for ELSS cannot be overstated, rendering it unique among various mutual fund options. This singular feature brings several advantages for investors, making ELSS a noteworthy choice in the financial landscape.