News From Press Planning to shift to new tax regime and say bye to ELSS funds? Think again

Planning to shift to new tax regime and say bye to ELSS funds? Think again

Source: ET Feb 15, 2023

#RIP ELSS: the hashtag could summarise the conversations that are going around in mutual fund circles. Several mutual fund advisors and financial planners believe that many investors, especially new ones, are in the process of shifting to the new income tax regime in the new financial year. That would be the end of tax saving mutual funds or Equity Linked Savings Schemes (ELSS), they worry.

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