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of <h1>Investing in Equity Linked Savings Scheme requires Rs. 500 minimum; hold for 3 years before repurchase allowed.</h1> Investment in the Equity Linked Savings Scheme, 2005, requires a minimum amount of Rs. 500, in multiples thereof. Units must be allotted by the Unit Trust or Mutual Fund by March 31 annually. The plan is open for at least one month in 2005-06 and three months in subsequent years. Investments must be held for at least three years before repurchase is allowed. In case of the investor's death, the nominee or legal heir can withdraw the investment after one year from the unit allotment date.
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