New Delhi, Nov. 18 -- Cancer consumed the life of 40-year-old V. Panda in January 2024. Nearly two years later, all assets belonging to the deceased marketing professional have been transferred to his parents and liquidated, barring two investments in mutual funds.

These funds totalling Rs.6.75 lakh are blocked. That's because the investments were made in tax-saving mutual funds and fixed-maturity plans that have a mandatory lock-in period. So, Panda's parents will have to wait until the end of the lock-in and, subsequently, start the redemption paperwork to liquidate the investments if they wished.

Panda's case wasn't about documents not being in order, but about a product that comes with a lock-in. And, this is why it's important to u...