Where can I find details about the lock-in period for a mutual fund scheme?
A lock-in period refers to a specified duration during which investors are restricted from selling their mutual fund holdings. While most mutual funds in India do not have a lock-in, some schemes—such as Equity Linked Savings Schemes (ELSS)—do.
Common lock-in scenarios
- ELSS funds: Have a fixed 3-year lock-in from the date of each investment.
- Close-ended funds: May impose a fixed maturity, but redemptions may still be permitted on exchanges.
- Open-ended funds: Usually have no lock-in and allow free redemptions.
Where to check lock-in period on FYERS?
- Log in to your FYERS account (Web or Mobile).
- Navigate to the 'Mutual funds' section.
- Search and select your fund of interest.
- On the fund details page, check the 'Key insights' section on the right-hand side.
What If...
| Scenario | Explanation |
|---|
| You try to sell during lock-in | Redemption is allowed, but exit load and applicable taxes (e.g., STCG for <1 year) will apply. |
| You're investing in an ELSS fund | Lock-in starts from the purchase date of first instalment. |
| You’re unsure about lock-in status | Always refer to the Key Insights section on the right-hand side of the fund details page. |
| You mix SIP and lump sum in ELSS | Each SIP instalment has its own separate 3-year lock-in tracked individually. |
Check the 'Key insights section on the fund details page in FYERS to quickly view lock-in, tax, and redemption terms.
Last updated: 11 Jun 2025
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