diff --git a/app/views/budgets/investments/_investment_show.html.erb b/app/views/budgets/investments/_investment_show.html.erb
index 49543417d..29620a726 100644
--- a/app/views/budgets/investments/_investment_show.html.erb
+++ b/app/views/budgets/investments/_investment_show.html.erb
@@ -150,7 +150,7 @@
           <div class="callout warning">
             <%= t("budgets.investments.show.project_unfeasible_html") %>
           </div>
-        <% elsif investment.winner? %>
+        <% elsif investment.winner? && @budget.finished? %>
           <div class="callout success">
             <strong><%= t("budgets.investments.show.project_winner") %></strong>
           </div>
diff --git a/spec/features/budgets/investments_spec.rb b/spec/features/budgets/investments_spec.rb
index 533b8d543..8bdca3d7c 100644
--- a/spec/features/budgets/investments_spec.rb
+++ b/spec/features/budgets/investments_spec.rb
@@ -1073,7 +1073,8 @@ feature 'Budget Investments' do
     expect(page).to have_content("This investment project has been selected for balloting phase")
   end
 
-  scenario "Show (winner budget investment)" do
+  scenario "Show (winner budget investment) only if budget is finished" do
+    budget.update(phase: "balloting")
     user = create(:user)
     login_as(user)
 
@@ -1088,6 +1089,12 @@ feature 'Budget Investments' do
 
     visit budget_investment_path(budget_id: budget.id, id: investment.id)
 
+    expect(page).not_to have_content("Winning investment project")
+
+    budget.update(phase: "finished")
+
+    visit budget_investment_path(budget_id: budget.id, id: investment.id)
+
     expect(page).to have_content("Winning investment project")
   end