Tax saving Mutual fund in form of monthly SIP are readily available in money market. To avail the Taxable benefit lock in period of 3 years is applicable. My query is w.r.t. redemption of Mutual fund after 3 years. Since we are investing on a monthly basis. But after 3 years we can withdraw the full amount.
Since 3 years lock in period was completed for 1 month SIP only, will the withdrawal of entire money after 3 years be Taxable??
Need suggestion to resolve the query.
CAclubindia
