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What does Lock-in period mean?

Lock-in Period is the duration for which the mutual fundĀ units cannot be redeemed or transferred to another person. However, you will be allowed to transfer it to another DEMAT account in your name. (At Zerodha, we allow transfers only to other CDSL DEMAT accounts)

You also have the option to Re-materialize these, click here to know how.

Lock in period is generally applicable for Tax saving funds (Equity Linked Saving Scheme)