diff --git a/app/helpers/budgets_helper.rb b/app/helpers/budgets_helper.rb
index 4c73f52da..90e986dad 100644
--- a/app/helpers/budgets_helper.rb
+++ b/app/helpers/budgets_helper.rb
@@ -1,5 +1,9 @@
 module BudgetsHelper
 
+  def show_links_to_budget_investments(budget)
+    ['reviewing_ballots', 'finished'].include? budget.phase
+  end
+
   def heading_name_and_price_html(heading, budget)
     content_tag :div do
       concat(heading.name + ' ')
diff --git a/app/views/budgets/index.html.erb b/app/views/budgets/index.html.erb
index 810c505ae..dffa56e1d 100644
--- a/app/views/budgets/index.html.erb
+++ b/app/views/budgets/index.html.erb
@@ -89,14 +89,19 @@
         </div>
 
         <p>
-          <%= link_to budget_investments_path(current_budget.id) do %>
-            <small><%= t("budgets.index.investment_proyects") %></small>
-          <% end %><br>
+          <% show_links = show_links_to_budget_investments(current_budget) %>
+          <% if show_links %>
+            <%= link_to budget_investments_path(current_budget.id) do %>
+              <small><%= t("budgets.index.investment_proyects") %></small>
+            <% end %><br>
+          <% end %>
           <%= link_to budget_investments_path(budget_id: current_budget.id, filter: 'unfeasible') do %>
             <small><%= t("budgets.index.unfeasible_investment_proyects") %></small>
           <% end %><br>
-          <%= link_to budget_investments_path(budget_id: current_budget.id, filter: 'unselected') do %>
-            <small><%= t("budgets.index.not_selected_investment_proyects") %></small>
+          <% if show_links %>
+            <%= link_to budget_investments_path(budget_id: current_budget.id, filter: 'unselected') do %>
+              <small><%= t("budgets.index.not_selected_investment_proyects") %></small>
+            <% end %>
           <% end %>
         </p>
       <% end %>