Budget 2019 has proposed to include exchange-traded funds (ETFs) investing in central public sector enterprises (CPSEs) in the Section 80C bucket under the equity-linked savings scheme (ELSS) category. In the past, experts have raised concerns that such ETFs invest only in a few sectors and government companies. In previous tranches, many investors entered to benefit from the discount on allotment and exited shortly thereafter. But this strategy may not work with the three-year lock-in that’s mandatory for availing deduction.
Nine big financial changes that you must watch out for in October
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