Funds
What is lock-in period?
A period during which you are not allowed to withdraw your money.
Explained in more detail
It is a hard rule, not a fee. You cannot pay your way out of it. Different products have very different lock-ins, and a longer one is not automatically worse if the money was meant to stay invested anyway.
An example
For instanceELSS locks money for 3 years, a tax saving fixed deposit for 5, and PPF for 15.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time lock-in period appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.