News From Press Best ELSS or tax saving mutual funds to invest in 2020

Best ELSS or tax saving mutual funds to invest in 2020

Though Aditya Birla Sun Life Tax Relief 96 has improved its performance marginally, it is still is not out of the woods. Its higher exposure to mid cap and small cap stocks could be the reason for the lackluster performance.

ET Mar 5, 2020

ELSS funds are in the limelight these days. Many taxpayers are wondering whether they should invest in ELSS funds this year to save taxes under Section 80C of the Income Tax Act. The doubts are fueled by the extreme volatility in the stock market. Some others are wondering whether they should opt for the new flat personal tax rates next year and forego all the deductions and exemptions. In other words, they are wondering whether they should say goodbye to ELSS funds next financial year.

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