News From Press ELSS funds are going to be taxed. What should investors do?

ELSS funds are going to be taxed. What should investors do?

Source: ET Feb 2, 2018

Equity Linked Saving Schemes or ELSSs will not offer tax-free returns anymore. If the budget proposal to introduce tax of 10 per cent on long term capital gains of over Rs 1 lakh goes through, even these tax saving mutual funds would attract LTCG tax of 10 per cent on redemption. Should investors continue to bank on these schemes to save taxes or do they have better alternatives?

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