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Why Do Tax-Saving Funds Have a 3-Year Lock-In Period?
Why Do Tax-Saving Funds Have a 3-Year Lock-In Period?

Why Do Tax-Saving Funds Have a 3-Year Lock-In Period?

Without the lock-in period, some people might use these funds just to park their money for a short time to save on taxes, without actually letting the money grow.

Kiran Shroff Article rating: 4.5

It encourages you to keep your money invested for a longer time, which helps both you and the market.

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