Has the new income-tax regime killed tax-saving mutual funds

Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance.

Related Keywords

India , Neil Parag Parikh , Anup Bhaiya , Suresh Sadagopan , Chintan Haria , Swarup Mohanty , Kalpen Parekh , Vishal Jain , Tax Saver Fund , Index Fund , Value Research , Mutual Fund , Asset Management Co Ltd , Money Honey Financial Services , Employee Provident Fund , Parag Parikh Flexi Cap Fund , Savings Schemes , Equity Linked Savings Scheme , Management Co Ltd , Parag Parikh , Chief Executive Officer , Saver Nifty Large Midcap , Flexi Cap , Mid Cap , Multi Cap , Income Tax , Principal Investment Strategy , Mirae Asset Investment Managers , Saver Fund , Managing Director , Money Honey Financial , Elss , Equity Linked Saving Scheme , Taxes , Tax , Reduction , Section 80c , Clock In , New Income Tax Regime , Old Income Tax Regime , Income Tax Filing , Tax Planning , Tax Saving Fund , Best Elss , Est Tax Savings Fund , Parag Parikh Mutual Fund , Irae India Mutual Fund ,