Hey @Satheesh Chandran7,
ELSS funds have a lock-in period of 3 years which means you cannot withdraw your funds before 3 years.
Hence you cannot pledge your ELSS funds.
Hope this clarifies!
It depends from individual to individual. Both options are good. Many investors prefer an NFO over existing funds as a new fund is available at the absolute price. The absolute price in most cases is generally INR 10.... (More)