How long we can keep our money in Mutual Fund? Is there any time limit to withdraw our money from MF?

I have deposited Rs.5000 each in Birla Monthly Income Plan (Growth) and Reliance Monthly Income Plan (Growth) in the year 2000. The current NAV is Rs.20.85 and 14.50. I think it may go upward. Please advise me to redeem or not.|||no there is no limit, unless fund is closing down operations, you can invest now and leave it for your grand-grand children mate.|||Hi, If you have invested in tax saving mutual funds then there is a lock in period of 3 years. Regarding your monthly income plan, it depends on your age. If you are above 55 or on the brink of retirement then you should opt for a monthly income plan. Young investors should go for well diversified equity mutual funds.


http://www.investorcamp.blogspot.com|||IF u would have invested in any other equity or ELSS in 2000 , you would have wind faill gain in 8 years.





Currently u can continue to hold the money in these MFs.





You can put some money into SIP for Equity Dividrsifed fund. Over a long term tenure they will give u the fantastic returns.|||when equity market down, the debt market like what u have invested will give higher return


there is no minimum period as such, only if u r withdrawing less than year then there wil be 15% tax on the profit u earned, otherwise no tax and u can leave it for any number of years even without paying further sip amount