Will first-time equity investors buy ELSS without tax benefit?

The new tax regime proposed in Budget 2020 has lowered tax rates but restricts taxpayers from claiming tax deductions under Section 80C and other specified sections of the Income-tax Act, 1961. The equity-linked savings scheme (ELSS) is one of the products that are eligible for deduction under Section 80C under the old tax regime. For many investors, ELSS was the first equity mutual fund product that they invested in. With the tax benefits on these now becoming optional, does it still make sense for investors to include ELSS in their portfolios? Sunita Abraham asks experts what investors should do.

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