Costs, Tax & Regulation
Mutual Fund Lock-in Periods
Which schemes lock your money and for how long.
Updated 27 September 2026 · SEBI rules as of 2026
ELSS
3 years
Costs, Tax & RegulationOverview
Most open-ended schemes have no lock-in (though exit loads may apply). ELSS, solution-oriented schemes and closed-ended funds do.
| Particular | Details |
|---|---|
| ELSS | 3 years |
| Retirement / children’s funds | 5 years or till retirement/majority |
| Closed-ended / FMP | Till maturity (exchange exit only) |
| Open-ended | None |
Lock-in vs exit load
| Term | Meaning |
|---|---|
| Lock-in | Cannot redeem at all |
| Exit load | Can redeem with a fee |
Frequently asked questions
Does SIP in ELSS have a lock-in?
Yes — each instalment is locked for 3 years.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Information is educational and may change with SEBI / tax rules — verify with the AMC, AMFI or SEBI. FinancePortal is not an investment adviser.