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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.
When evaluating MF investments, prioritising high returns and minimising costs are crucial, where returns depend on investment growth in a specific period, and costs relate to the expenses incurred by investors in different schemes.
As part of its own set of differentiations, Bajaj Finserv AMC has come out with an investment philosophy based on InQuBe, the AMC’s proprietary framework that adds a layer of behavioural finance
The net asset value of momentum funds has taken a hit as they consist of several fancied PSUs such as PFC, REC and IRFC. Public sector companies have been the worst hit in the recent broader market meltdown
Investors have taken time to warm up to these ETFs, which just about five years old and aim to bridge the gap between active and passive funds. But a slew of launches in the past few years have fund houses, advisors and mutual funds swooning over the sheer variety of options