Build fund reservoir: Plans with coverage cum investments
with lock in period help to save money that can be used to fulfill a financial goal.
In order to avail tax benefit the investors will have to accept 3 years of
lock in period as applicable for other schemes.
Read the policy documents carefully and in case any issue you can cancel the policy as per the free
lock in period terms.
The
short lock in period and as it being an equity related scheme the potential for high returns makes it a very attractive option amongst investors.
If the banks do not lower the same, you can ask them to provide interest -
free lock in period.
Premature withdrawal facility is available to the eligible investors after
lock in period of 4, 5 and 6 years in the age bracket of 80 years and above, between 70 to 80 years and 60 to 70 years respectively.
New India Assurance, one of the largest general insurance companies in India, has already received consent from the body to issue long term comprehensive policy for two wheelers with
minimum lock in period of three years.
Just lock yourself in a period - perfect 1882 apartment (reading nothing but the news and books of the day, wearing the clothes, eating the food), and you'll eventually open the door and find yourself in 1882.
ELSS comes under EEE tax status, has a
low lock in period of 3 years and high growth potential as it is an equity based instrument.
In case of joint holders or more than two holders of the Bond, the
above lock in period will be applicable even if any one of the holders fulfills the above conditions of eligibility.
Being an investment option that gives full tax advantage with shortest
lock in period makes Equity Linked Savings Scheme (ELSS) of Mutual funds the most attractive choice compared to any other tax saving instrument.
It has
lock in period of only 3 years, hence is more flexible and liquid than PPF which has 15 years lock in and partial withdrawals are allowed only after 6 years.
At the very beginning of setting up an annual renewable term life insurance policy, you will
lock in a period of insurability.
The main point that I am trying to drive here is the decision of whether should I invest in an ELSS or other equity funds OR should I invest in a retirement fund for the purpose of «RETIREMENT» can not be made just on the basis of just comparing the features of the 2 plans like exit load,
lock in period.
Dear 1 —
The lock in period of these bonds is 3 years, so you can't sell them before the 3 years.
And if I start SIP on 10th nov 2016 then wat will be end of
lock in period.
Also, the investment has
a lock in period of 3 years from the date of acquisition.
These funds have
a lock in period of 3 years which is the lowest amongst all tax saving options under section 80C.
Some banks, however, have
a lock in period of six months before which you can not start making prepayments towards your loan.
Make sure to clarify if your lock in is a float down lock in, meaning that your interest rate will lower if market rates go down during
your lock in period.
At the very beginning of setting up an annual renewable term life insurance policy, you will
lock in a period of insurability.
Dear Mr. Reddy I have invested 5 lakh in SBI Dual Advantage fund series 3 purely debt scheme which have maturity on this month 3 year
lock in period.
I prefer SIP and
lock in period of 1 year due to sudden emergency.
The lock in period for your deposit in 15 years and you are allowed to further extend it by 5 years if you so desire.
I mention
no lock in period because going ahead you will have options to liquidate the low risk investment and go for slightly higher risk whenever you choose.
One suggestion would be debt based mutual funds with a portfolio of a mix of medium to long term corporate / sovereign debt (good rating, like AAA etc), with
no lock in period, if you can keep the money invested for 4 - 5 years.
For anything shorter select a debt oriented MF with a mix of short to medium term corporate / sovereign debt, again with
no lock in period.