Will the equity-linked savings scheme or ELSS - a tax saving product offered by mutual funds - lose its popularity among investors?
As many individuals move to the new income tax regime, investment advisers said the product category might find fewer takers compared to the past. Though a large section of the ELSS has managed to beat benchmarks in recent years, investors would be unwilling to lock their money into the product in the absence of tax benefits, they said.
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