Comment on Free ELSS investments on Coin
commented on
18 Jul 2020, 08:48 PM
Hey,
I have just started investing in Mutual Funds and I have 2 queries:
1. If we invest in ELSS MF then in case of any emergency, can we redeem that amount (through online or physically giving applications or any other method). What will a person do if he experience some medical emergency (or job lost) and have funds only in ELSS.
2. I’ve read that Short Term Mutual Funds are for investments ranging from 1 to 3 years and liquid/ultra-short funds are for less than 1 year, But while investing through Coin in Short Term MF, I did not see any lock-in or exit load which restricts me in redeeming those before 1-3 year. So why its being said to invest in liquid MF in done for less than 1 year?
Please reply as soon as possible…