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Options
- A
1 year
- B
2 years
-
3 years
Correct answer
- D
5 years
Why this is the answer
ELSS (Equity Linked Savings Schemes) are tax-saving mutual funds with an investment lock-in period of 3 years. During this time, the investor cannot redeem or transfer their investments, which helps in long-term wealth creation and tax benefits under Section 80C of the Income Tax Act.
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