The Illustration of lock-in period in Rajiv Gandhi Equity Savings Scheme (RGESS) Tax Savings Investment in Equity Mutual Funds, ETFs ( Exchange Traded Funds), Shares (BSE 100 and CNX 100)
An Illustration of lock-in period ..!
Investment Amount: Rs. 50,000
Date of Investment: November 23, 2012
Fixed lock in begins in November 23, 2012
Ends on November 22, 2013
First year of flexible lock-in begins.
Ends on November 22, 2014
Applicable financial year for compliance will be 2014-15
Second year of flexible lock-in begins in November 23, 2013
Ends on November 22, 2015
Nov 23 , 2014
Account is converted into an ordinary demat account
Nov 23, 2015
Applicable financial year for compliance will be 2015-16
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