ELSS outflow an unusual surprise Equity-linked savings schemes (ELSS) saw outflows to the tune of Rs 804 crore in December. This has surprised market observers as it is the first time in the last seven years that the category has witnessed outflows during the month.
Historically, December has seen inflows of Rs 500-1,000 crore as investors start their annual tax planning, culminating in even higher flows in the subsequent months as the financial year draws to a close. Investments of up to Rs 1,50,000 done in such schemes are eligible for tax deduction under section 80C of the ...
