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Options
- A
Three years from the date of original investment, even in case of subsequent purchases by SIP
-
Three years from the date of original investment for each individual unit for purchases made by SIP
Correct answer
- C
There is no lock-in period if tax exemption is claimed
- D
All are wrong
Why this is the answer
In SIP-based ELSS, each individual SIP installment has its own 3-year lock-in starting from its investment date. This means the lock-in is per unit, not for the overall investment.
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