elss fund

Investing

Within the same fund house, is it permissible to directly switch investments from an ELSS (Equity Linked Savings Scheme) to a non-tax-saving fund, considering the lock-in period and SEBI regulations?

Unfortunately, switching directly from an ELSS (Equity Linked Savings Scheme) to a non-tax-saving fund within the same fund house is not possible due to the following reasons: Lock-in Period: ELSS funds come with a mandatory lock-in period of 3 years from the date of investment. This means you cannot redeem your units or switch them to another fund before the lock-in…